James River posts larger-than-expected loss for Q3 on legacy Uber portfolio dump
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James River posts larger-than-expected loss for Q3 on legacy Uber portfolio dump

Eileen AJ Connelly
November 02, 2021
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James River Group Holdings’ operating loss for the third quarter exceeded the range it forecast last week, driven mainly by its Uber policy legacy deal, along with losses relating to Hurricane Ida and additional reinstatement premiums in the excess and surplus (E&S) lines segment.

The company on Tuesday posted an operating loss of $26.8mn, or $0.72 per diluted share, for the three months ended September 30.

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Eileen AJ Connelly
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