James River

Gelinne, who had a more than 30-year career at AIG before Allied World, takes over after a series of reserve charges.

Janet Cowell, a James River board member since 2016, says she will not stand for reelection in 2022.

Former Montpelier Re CEO Chris Harris has stepped down from his role on the board of James River Holdings, the company announced in a securities filing.

Several law firms have prepared class action suits against James River after an Uber loss charge led to an equity raise.

Rescue work halted as a judge holds the first hearings on suits against the condo association.

Robert Myron is to retire on 31 July for health reasons related to the persisting effects of Lyme disease.

New York-based Bernstein Litowitz Berger & Grossmann cited the $169mn reserve charge from loss creep James River disclosed on May 5 as a catalyst for the suit.

Management should examine the relationship between company strategy, broader market cycles and short interest.

The ratings agency says the carrier’s risk management framework must evolve "proactively".

The charge from the run-off policies pushed the carrier’s Q1 combined ratio up 98.6 points to 199.2%.

The specialty insurer now expects AM Best to demote the company’s financial strength rating to A- as a result of the losses.