James River forecasts $10mn HIM loss

Specialty (re)insurer James River has said that it expects to incur
losses of only $10mn from Hurricanes Harvey, Irma and Maria.
The New York-listed carrier, which is casualty-focused, said
today that it still anticipates a return on tangible equity of 12
percent or better for the full year.
The loss estimate is pre-tax and net of reinsurance recoveries
and reinstatement premiums.
This is equivalent to 1.4 percent of its second quarter
shareholder equity, and compares with a simple average of...