James River
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Despite the suspension of the casualty reinsurance business, CFO Sarah Doran told analysts that she expects the company’s total gross premium to grow in 2023. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier’s loss ratio for its casualty reinsurance business declined to 74.5% from 380.7% in the prior-year period.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Howden Tiger Capital Markets again has a mandate to find a buyer for Bermuda-based JRG Reinsurance Company.
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James River's board approved the appointment effective January 6, with a term expiring at the 2024 annual shareholder meeting.
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Amid record high economic inflation, continuing supply chain issues and proliferating nuclear verdicts, carrier CEOs have emphasized the need to keep rate above loss costs during Q3 conference calls.
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James River CEO Frank D’Orazio said the firm’s losses from Hurricane Ian will be contained in the third quarter, as he discussed the carrier’s Q3 earnings in a call with analysts.
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The company reported a $5mn loss related to Hurricane Ian, which affected the specialist’s excess property underwriting division.
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In addition, the executive was appointed to the audit committee of the board.
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A total of 10 of the carrier’s 13 underwriting divisions experienced double-digit premium growth for the second consecutive quarter.
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Gross written premium grew 5.1% year-on-year to $400mn, while net written premium rose 0.6% to $195mn.
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