James River’s stock plummets after it reports $7.8mn unfavorable E&S casualty reserve development
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

James River’s stock plummets after it reports $7.8mn unfavorable E&S casualty reserve development

Kyoung-son Song
November 09, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
james river logo nasdaq.jpg

James River’s stock price plummeted more than 30% on Thursday, after the firm sustained downgrades from equity analysts over concerns around the insurer’s E&S casualty reserves.

In its Q3 2022 earnings report, the firm’s E&S segment reported an unfavorable reserve development of $7.8mn reflecting adverse emergence in older accident years within its general casualty line.

Following

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsStocksJames River
kyoungson son 2024 ii us 2.png
Kyoung-son Song
Senior Reporter
Contact
Gift this article