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James River said the court was right to dismiss the fraud case. -
Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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Last year marked the second consecutive year in which carriers made a positive return.
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The group claims the White House is undermining disaster preparedness.
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The Bermudian reiterated its pledge to improve performance.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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Sources said that detailed discussions have taken place, with a clear path to a deal.
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The mid-year renewals point to mounting pressure on reinsurance pricing.
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