Welcome to our dedicated page for James River Group Holdings news (Ticker: JRVR), a resource for investors and traders seeking the latest updates and insights on James River Group Holdings stock.
James River Group Holdings, Inc. (NASDAQ: JRVR) generates a steady flow of news as a specialty property and casualty insurance group with a focus on excess and surplus lines and specialty admitted insurance. Its public announcements and SEC filings highlight developments in underwriting performance, reserve management, investment income, capital actions and corporate governance, all of which are relevant to investors tracking JRVR news.
News about James River frequently centers on its quarterly financial results. The company issues detailed earnings releases for each quarter, reporting net income or loss from continuing operations, adjusted net operating income, combined ratios, expense ratios, gross and net written premium by segment, reserve development and tangible common equity metrics. These releases also describe trends in the Excess and Surplus Lines segment, such as combined ratio levels, renewal rate changes, submission growth and the impact of retroactive reinsurance structures, as well as strategic decisions in the Specialty Admitted Insurance segment to manage risk retention and premium volume.
JRVR news coverage also includes capital management updates, such as declarations of cash dividends on common shares, and information on investment results, including net investment income, realized and unrealized gains or losses, and portfolio yield statistics. In addition, the company issues press releases and files current reports on executive and board changes, including appointments of new directors, segment presidents, chief information and claims officers, and senior leaders in investments and investor relations.
Another recurring theme in James River’s news is corporate structure and governance. Notable items include the domestication from Bermuda to Delaware, shareholder votes on amendments to long‑term incentive and non‑employee director plans, and legal developments related to prior business disposals. Together, these updates provide context on how the company is governed, how it manages risk and capital, and how its specialty insurance segments are evolving. Investors and analysts who follow JRVR can use this news feed to monitor changes in underwriting performance, reserve actions, leadership and corporate structure over time.
James River Group Holdings (NASDAQ: JRVR) has announced a reinsurance agreement with State National Insurance Company. The deal provides $160 million in adverse development coverage for James River's Excess and Surplus Lines segment for accident years 2010-2023, with James River retaining a 15% co-participation. The reinsurance excludes certain large commercial auto exposures but covers most other liabilities, with no sublimits. Effective January 1, 2024, the agreement is expected to reduce James River's third-quarter pre-tax income by $52.2 million. A profit commission allows James River to benefit from favorable development under specific conditions. This transaction aims to de-risk the company's balance sheet and enhance financial stability.
James River Group Holdings (NASDAQ: JRVR) announced the appointment of Christine LaSala as an independent, non-executive member of its Board of Directors, effective immediately.
This addition increases the Board's size from seven to eight members. Ms. LaSala will join the Compensation and Human Capital Committee and the Nominating and Corporate Governance Committee.
Christine LaSala brings over 45 years of experience in the insurance industry, including leadership roles at Sedgwick, Beazley plc, Willis Towers Watson North America, WTC Captive Insurance Company, and Johnson & Higgins.
CEO Frank D’Orazio and Chairman Ollie L. Sherman, Jr. expressed their enthusiasm for her extensive expertise in corporate governance and the specialty property and casualty insurance sector.
James River Group Holdings, announced its first quarter 2024 results, revealing net income from continuing operations available to common shareholders at $20.9 million ($0.53 per diluted share) and adjusted net operating income at $14.8 million ($0.39 per diluted share). The company closed the sale of JRG Reinsurance Company and demonstrated strong investment income and underwriting results, especially in the Excess and Surplus Lines segment. Key highlights include a group combined ratio of 95.3%, E&S segment combined ratio of 87.3%, and a renewal rate change of 10.7%.
James River Group Holdings, (NASDAQ: JRVR) will release first quarter 2024 earnings on May 8, 2024, followed by an earnings conference call on May 9, 2024. Investors can access the call through dial-in or the investor website.
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