James River
-
The company reported a $5mn loss related to Hurricane Ian, which affected the specialist’s excess property underwriting division. -
In addition, the executive was appointed to the audit committee of the board.
-
A total of 10 of the carrier’s 13 underwriting divisions experienced double-digit premium growth for the second consecutive quarter.
-
Gross written premium grew 5.1% year-on-year to $400mn, while net written premium rose 0.6% to $195mn.
-
Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
-
Inside P&C’s News team runs you through the key highlights of the week
-
The executive said favorable market conditions that the E&S sector has enjoyed for several years should last throughout 2022 and likely beyond.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Overall, the firm reported a $6.8mn reserve charge, down from $170.1mn unfavorable development from Q1 2021.
-
The reinsurance deal will require James River to write off $6.8mn in Q1 2022.
-
The reserve charge reported in quarterly earnings may have opened the door for activists.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
Most Recent
-
Daily Digest: Top news from November 22
November 22, 2024 -
Cyber attacks on supply chain up 431% since 2021: Cowbell
November 22, 2024 -
PE firm Capital Z takes $240mn minority stake in retail broker Leavitt
November 22, 2024