James River UW profit dips 6% in Q2 as non-renewed WC program leads to 3% GWP fall

James River’s core second quarter underwriting profit fell by 6 percent to $9.84mn from $10.42mn – hurt by an $11mn reserve charge in its specialty admitted segment – although the firm’s adjusted net operating income nearly doubled to $12.66mn from $6.65mn.

 

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