Results
-
Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene. -
The year-to-date CoR was down 9.5 points to 102.8% compared to 2023.
-
After one good year, giving back margin now will be “inexcusable”, the executive said.
-
Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
-
Q3 expansion was fueled by 9.9% of personal lines organic growth.
-
Ceding commissions remain elevated but primary rates are improving reinsurer margins.
-
The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
-
The firm announced Q3 results alongside strategic actions that included an ADC deal with Enstar.
-
James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Executives said the company continues to shrink its book of business in markets with poor underwriting conditions.
-
Following the closing of the deal, Aviad Pinkovezky will be named First Connect CEO.
Most Recent
-
NAIC elects new leadership, chooses North Dakota’s Godfread as president
November 20, 2024 -
Daily Digest: Top news from November 20
November 20, 2024 -
Nuclear verdicts nearly triple since 2020: Allianz
November 20, 2024 -
Intact CFO Marcotte to step down in 2025
November 20, 2024