James River shares plunge 26% on reserve charge, weak Q4 results
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James River shares plunge 26% on reserve charge, weak Q4 results

Eileen AJ Connelly
March 01, 2022
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Shares of James River Group Holdings plunged to record lows in Tuesday trading after the Bermudian booked a large reserve charge, posted weaker Q4 results and said it had to raise capital to shore up its balance sheet.

The stock gave up $5.55, or 25.8%, to $21.05 in late morning trading.

After the market closed on Monday, James River said its JRG Reinsurance unit entered a loss portfolio transfer agreement with Fortitude Re to reinsure most reserves from...

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Eileen AJ Connelly
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