James River
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The carrier’s US redomicile is expected for later this year and brings a one-time $10mn-$13mn benefit. -
The Insurance Insider US news team runs you through the earnings results for the day.
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He will serve as an independent non-executive member.
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The judge ruled the deal relied too heavily on Bermuda law for US law to apply.
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The company has reduced its exposure on large commercial auto and property.
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Richard Schmitzer will retire as E&S president and CEO, and Todd Sutherland will succeed him.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Shareholders say the stock has declined around 59% in the past year while book value has dropped ~30%.
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On Monday, the firm reported a Q4 CoR of 155.1%, versus 98.1% a year ago.
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Enacting SB 360 may have created a spike in construction claims in Florida.
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Q4 net retention was impacted by the previously announced ADC.
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Enstar and Gallatin’s move into the common equity is a bull sign, but it will take years to know if the ADC will hold.
Related
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James River reserves now ‘walled off’ from past business: CEO
November 12, 2024 -
James River swings to $52mn Q3 U/W loss on $57mn E&S reserve charge
November 11, 2024 -
James River enters $75mn legacy deal, closes strategic review
November 11, 2024 -
James River seeks to close strategic review with final legacy deal
October 31, 2024