James River
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Industry veteran Gunson will report to James River CEO Frank D’Orazio and be based in Richmond, Virginia. -
The (re)insurer generated what it said was a record quarterly underwriting profit, boosted by a 67% spike in E&S underwriting income to $27mn.
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Gelinne, who had a more than 30-year career at AIG before Allied World, takes over after a series of reserve charges.
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Janet Cowell, a James River board member since 2016, says she will not stand for reelection in 2022.
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Former Montpelier Re CEO Chris Harris has stepped down from his role on the board of James River Holdings, the company announced in a securities filing.
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Several law firms have prepared class action suits against James River after an Uber loss charge led to an equity raise.
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Rescue work halted as a judge holds the first hearings on suits against the condo association.
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Robert Myron is to retire on 31 July for health reasons related to the persisting effects of Lyme disease.
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New York-based Bernstein Litowitz Berger & Grossmann cited the $169mn reserve charge from loss creep James River disclosed on May 5 as a catalyst for the suit.
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Management should examine the relationship between company strategy, broader market cycles and short interest.
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The ratings agency says the carrier’s risk management framework must evolve "proactively".
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The charge from the run-off policies pushed the carrier’s Q1 combined ratio up 98.6 points to 199.2%.
Related
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James River announces E&S leadership succession plan
May 05, 2025 -
James River shareholders target management cash bonus
March 14, 2025 -
James River stock price sinks 35% after Q4 reserve charge
March 04, 2025