James River
-
The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions. -
The firm announced Q3 results alongside strategic actions that included an ADC deal with Enstar.
-
James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
-
Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
-
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.
Related
-
Q2 earnings roundup August 4: CNA, James River, Greenlight Re
August 04, 2025 -
James River taps former RPS president Cavaness for board
July 24, 2025