Reinsurance News
James River Group
James River names Kelly Hadiaris as SVP, Underwriting , Excess Casualty
18th March 2026
James River Group Holdings, Inc., a US specialty insurer focused on excess and surplus lines and reinsurance solutions, has announced that Kelly Hadiaris has returned to the firm as Senior Vice President, Underwriting – Excess Casualty. She will lead the Excess Casualty division within the company’s Excess and Surplus (E&S) segment ... Read the full article
James River reports profit in 2025 as underwriting performance improves
3rd March 2026
James River Group has disclosed that it returned to profitability in 2025, posting net income available to common shareholders of $39.6m, versus a loss of $118.3m a year earlier, driven by improved underwriting results. The firm's gross written premiums (GWP) for 2025 totalled $1.17bn, down from $1.43bn in 2024, reflecting a ... Read the full article
James River posts underwriting income of $8.9m and improved CoR in Q3’25
4th November 2025
James River Group Holdings, Ltd., a Bermuda-domiciled insurance holding company, reported underwriting income of $8.9 million in the third quarter of 2025, compared to a loss of $56.8 million in the same period last year, with its combined ratio improving to 94.0% from 135.5%. The Q3’25 combined ratio consisted of a ... Read the full article
James River adds Langenburg as CIO, promotes Zaharris to Chief Claims Officer
21st July 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Valdean Langenburg as its new Group Chief Information Officer (CIO), while Justin Zaharris has been promoted to Group Chief Claims Officer. The pair will report to Frank D’Orazio, Chief Executive Officer, James River. Langenburg succeeds Thomas Peach, who retired on July ... Read the full article
Sutherland to succeed Schmitzer as President of E&S at James River Group
6th May 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Todd Sutherland, current Senior Vice President, Management Liability for the Excess and Surplus Lines (E&S) segment, to succeed Richard Schmitzer as President of the E&S segment, effective May 5th, 2025. Schmitzer will retire as Chief Executive Officer (CEO) of the ... Read the full article
James River posts Q1’25 net income of $9m and CoR of 99.5%
6th May 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has reported first quarter 2025 net income of $9 million and adjusted net operating income of $9.1 million, compared to $20.9 million and $14.8 million, respectively, in Q1’24. For the quarter, gross written premium (GWP) was $294.4 million, and Excess and Surplus ... Read the full article
James River appoints Bob Zimardo as SVP, Investments and Investor Relations
29th April 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Bob Zimardo as Senior Vice President (SVP), Investments and Investor Relations. In the new role, he will report directly to Sarah Doran, Chief Financial Officer, and be responsible for investments and investor relations activity. Zimardo has over two decades of experience ... Read the full article
James River reports Q4’24 net loss in ‘costly but transformational’ year
4th March 2025
James River Group has reported a Q4 2024 net loss available to common shareholders of $94 million, marking an improvement from a net loss of $152 million in Q4 2023. James River's adjusted net operating loss in Q4 2024 was $40.8 million, compared to an adjusted net operating income of $12.4 ... Read the full article
Enstar completes $75m legacy reinsurance agreement with James River
24th December 2024
The previously announced $75 million adverse development cover (ADC) reinsurance agreement between a wholly owned subsidiary of legacy player Enstar Group and certain subsidiaries of Bermuda-domiciled insurance holding company, James River Group Holdings, has been completed following receipt of the relevant regulatory approval and satisfaction of the other closing ... Read the full article
James River reports $42m net loss in Q3’24 with higher CoR
14th November 2024
James River Group Holdings has released its financial results for the third quarter of 2024, posting total revenues of $191.4 million, despite a net loss of $42.0 million, and a higher combined ratio of 135.5% compared to Q3 2023. For last year’s third quarter, the Group reported total revenues of $210.3 ... Read the full article
Enstar enters into additional $75m legacy reinsurance agreement with James River
12th November 2024
A wholly owned subsidiary of legacy player Enstar Group has entered into a $75 million adverse development cover (ADC) reinsurance agreement with certain subsidiaries of Bermuda-domiciled insurance holding company, James River Group Holdings. Under the terms of the agreement, Enstar will provide the $75 million of limit in excess of the ... Read the full article
James River’s underwriting profit falls to $9.84m in Q2
6th August 2024
James River Group Holdings has released its financial results for the second quarter of 2024, posting a net income of $11.9 million and a group combined ratio of 99.3%. These results compared to last years second quarter where the company posted a net income of $9.5 million, and a combined ratio ... Read the full article
Fleming files lawsuit against James River and executives concerning JRG Re purchase
16th July 2024
Fleming Intermediate Holdings has reportedly filed a lawsuit for securities fraud, common-law fraud, and breach of contract in federal court against James River Group and its CEO and CFO concerning Fleming’s purchase of JRG Re from James River for approximately $300 million. For some background on this story, James River ... Read the full article
Christine LaSala joins James River’s Board
10th July 2024
James River Group Holdings, a Bermuda-based insurance holding company, has announced the appointment of industry veteran Christine LaSala to its Board of Directors as an independent, non-executive member. With LaSala's appointment, the Board has expanded from seven to eight directors. She will serve on both the Compensation and Human Capital Committee ... Read the full article
James River enters into LPT and ADC reinsurance agreement with State National
10th July 2024
Bermuda-domiciled insurance holding company, James River Group Holdings, has announced that two of its principal subsidiaries have entered into a combined loss portfolio transfer (LPT) and adverse development cover (ADC) reinsurance agreement with State National Insurance Company, Inc. Under the terms of the agreement, State National is set to provide $160 ... Read the full article
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