James River
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Janet Cowell, a James River board member since 2016, says she will not stand for reelection in 2022. -
Former Montpelier Re CEO Chris Harris has stepped down from his role on the board of James River Holdings, the company announced in a securities filing.
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Several law firms have prepared class action suits against James River after an Uber loss charge led to an equity raise.
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Rescue work halted as a judge holds the first hearings on suits against the condo association.
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Robert Myron is to retire on 31 July for health reasons related to the persisting effects of Lyme disease.
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New York-based Bernstein Litowitz Berger & Grossmann cited the $169mn reserve charge from loss creep James River disclosed on May 5 as a catalyst for the suit.
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Management should examine the relationship between company strategy, broader market cycles and short interest.
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The ratings agency says the carrier’s risk management framework must evolve "proactively".
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The charge from the run-off policies pushed the carrier’s Q1 combined ratio up 98.6 points to 199.2%.
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The specialty insurer now expects AM Best to demote the company’s financial strength rating to A- as a result of the losses.
Related
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James River shareholders target management cash bonus
March 14, 2025 -
James River stock price sinks 35% after Q4 reserve charge
March 04, 2025 -
James River retained $8.9mn loss corridor on E&S ADC in Q4
March 03, 2025 -
The resurrection of James River – Has the company done enough?
November 18, 2024