James River sells casualty re book to Fleming for $277mn after dispute
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James River sells casualty re book to Fleming for $277mn after dispute

Jairo Ibarra
17 April 2024
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James River has completed the $277mn sale of its casualty reinsurance portfolio to Fleming Intermediate Holdings, ending the weeks-long legal dispute between the Bermudian carriers.

James River said Fleming completed the acquisition of its unit JRG Re “at the previously agreed upon terms.”

The carriers are closing the transaction around a week after a New York Supreme Court judge ordered Altamont-backed Flaming to complete the...

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Jairo Ibarra
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