James River
-
The ratings agency said it could revisit the ratings if James River’s loss portfolio transfer agreement with Fortitude Re does not go through. -
CEO Frank D’Orazio said in an investor call that the company had entered a deal with Fortitude to protect against further reserve volatility.
-
The stock hit new lows after James River booked a $115mn reserve charge and posted a Q4 combined ratio of 140.6%.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The carrier will recognize a $6.8mn after-tax loss associated with the LPT agreement during the first quarter of 2022.
-
Stock prices fluctuated, and InsurTech short-sellers took some profits.
-
The company seems to be retrenching to a core business strategy as its new management team looks to land the turnaround.
-
With the commercial auto noise behind it, the firm is set to benefit from E&S tailwinds, but casualty re remains a concern and new management will need to bed in.
-
Bermuda-based James River has appointed Mike Hoffman to the newly created role of group chief underwriting officer.
-
With its costly exit from its Uber book in the rearview mirror, James River is now looking to drive its casualty reinsurance portfolio in a better direction.
-
James River reports strong GWP growth for Q3, but operating income slumps amid Uber policy sale.
-
The Bermudian insurer has also elected Patricia Roberts as chairperson of the compensation committee.
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