James River stock leaps 11.4% on Uber portfolio sale
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James River stock leaps 11.4% on Uber portfolio sale

Eileen AJ Connelly
September 30, 2021
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Shares of James River Group Holdings leaped in Thursday trading after the Bermuda-based insurer said it had sold off its legacy portfolio of auto policies related to Uber.

The stock closed up 11.4%, its best single-day performance since the insurer re-entered the public markets in 2014.

Before the market opened, James River said two of its operating subsidiaries entered a loss portfolio transfer reinsurance deal with Aleka Insurance,...

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News Stocks Bermuda James River
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Eileen AJ Connelly
Contributing Editor
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