James River seals $335mn casualty re LPT retro deal with Fortitude Re in Q4
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James River seals $335mn casualty re LPT retro deal with Fortitude Re in Q4

Jairo Ibarra
01 March 2022
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James River Group’s reinsurance unit JRG Reinsurance has entered a loss portfolio transfer (LPT) agreement with Fortitude Re to reinsure the majority of reserves from its casualty re segment, ceding around $335mn of liabilities from business written between 2011 and 2020.

The coverage provided by Fortitude includes a $400mn aggregate limit, and the deal is subject to regulatory approvals.

James River will recognize a $6.8mn

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Jairo Ibarra
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