State National-James River deal was ‘100% retroceded’: Markel’s Noble
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State National-James River deal was ‘100% retroceded’: Markel’s Noble

State National will provide $160mn of coverage to James River as part of the deal.

By Shelby Rosenberg
August 01, 2024
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Two business men shaking hands during a meeting to sign agreement and become a business partner, enterprises, companies, confident, success dealing, contract between their firms

Markel president Jeremy Noble noted that the State National-James River deal announced in July was “100% retroceded”.

On a call with analysts, the executive continued, “All of the obligations associated with that loss portfolio transfer and adverse development cover agreement...

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