James River set for Q3 loss on cats, LPT and casualty reinsurance reserve charge

James River Q3 results

James River has preannounced a third quarter adjusted net operating loss of between $25.5mn and $28.5mn and a combined ratio in the 120-125 percent range that was impacted by adverse development in casualty reinsurance, cat losses and an expected loss portfolio transfer charge relating to its discontinued Uber book.

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