James River
-
Fleming alleges fraud and misrepresentations on the part of James River. -
Negotiations come after Insurance Insider US revealed that the Bermudian was running an auction.
-
James River will also oppose a Fleming motion to uncover additional documents.
-
The firm’s submission flow rose 10%, driven by environmental and general casualty.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The Longtail Re deal buys the specialty insurer time to secure its future, or an exit for shareholders.
-
-
Fleming files claims against James River, its CEO Frank D’Orazio and group CFO Sarah Doran.
-
The backing represents a rare move from a collateralized reinsurer to take on risk in the legacy space.
-
State National is providing $160mn of adverse development reinsurance coverage.
-
The move comes as the wait for a deal for the whole group passes the six-month mark.
-
During Q1, the firm’s E&S GWP dropped 6.6% to $213.7mn.
Related
-
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