Reinsurance News
Fleming Holdings
Fleming files lawsuit against James River and executives concerning JRG Re purchase
16th July 2024
Fleming Intermediate Holdings has reportedly filed a lawsuit for securities fraud, common-law fraud, and breach of contract in federal court against James River Group and its CEO and CFO concerning Fleming’s purchase of JRG Re from James River for approximately $300 million. For some background on this story, James River ... Read the full article
Fleming welcomes Michael Garceau as CFO and COO
2nd July 2024
Fleming Insurance Holdings, a P&C insurance capital solutions provider, has appointed Michael Garceau as Chief Financial Officer (CFO) and Chief Operating Officer (COO), a pivotal addition to its executive leadership team as the company expands capabilities and operations. Garceau brings 30 years of industry expertise and a wealth of knowledge to ... Read the full article
Fleming acquires JRG Re
17th April 2024
Fleming Insurance Holdings has confirmed its agreement to acquire JRG Reinsurance Company Ltd. from James River Group Holdings, Ltd. at the previously agreed upon terms, after the Supreme Court, New York County, Commercial Division issued an order directing Fleming Intermediate Holdings to complete the transaction. James River announced its ... Read the full article
James River secures Court order for Fleming to complete JRG Re acquisition
8th April 2024
James River Group Holdings has announced that the Supreme Court, New York County, Commercial Division has issued an order directing Fleming Intermediate Holdings to complete its acquisition of JRG Reinsurance Company (JRG Re) by April 16, 2024. The sequence of events leading to this began on November 8, 2023, when Read the full article
Fleming still willing to acquire JRG Re on the right terms: CEO Haller
2nd April 2024
Fleming Insurance Holdings CEO Eric Haller has suggested that while the firm will continue to defend itself against the "meritless lawsuit" recently filed by James River Group Holdings, Fleming remains willing to acquire JRG Re "if James River cures its breaches of the agreement.” If you recall, on the 8th ... Read the full article
James River to exit reinsurance with sale of JRG Re to Fleming
8th November 2023
James River Group Holdings, Ltd. has announced it is to sell JRG Reinsurance Company (JRG Re), its third-party casualty reinsurance business, to Fleming Intermediate Holdings, for an estimated $277 million. The transaction value is inclusive of a $139 million pre closing dividend and a $138 million cash payment from Fleming at close. Fleming ... Read the full article
Fleming selects Origami’s SaaS P&C core solution to enhance workers’ comp
13th March 2023
Property & casualty (P&C) solutions provider, Fleming Insurance Holdings, has selected Origami Risk’s multi-tenant SaaS P&C insurance core solution to enhance its data/analytics capabilities for its liabilities, including workers’ compensation, auto liability and general liability lines. Origami’s platform will offer Fleming a variety of different tools and functionality for data capture, ... Read the full article
Fleming hires Samir Khare to lead casualty ILS platform
3rd August 2022
Fleming Insurance Holding has hired Samir Khare to head up its nascent casualty ILS platform buildout as a part of a $150 million capital infusion by Altamont Capital and Fleming Corp. The buildout will include pooling and structuring capabilities to transform casualty insurance risk to the capital markets. Khare most recently worked ... Read the full article
Altamont Capital Partners provides $150m growth capital to Fleming Holdings
18th May 2022
Altamont Capital Partners, a private investment firm based in the San Francisco bay area, has acquired a majority stake and made a $150 million growth capital commitment to Fleming Holdings. The partnership will allow Fleming to grow into an all-encompassing capital solutions provider to property and casualty (P&C) insurance companies. Altamont Capital Partners ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
