Fleming Insurance Holdings (“Fleming”), an innovative provider of capital solutions to P&C insurers globally, today announced that it has entered into an agreement to acquire JRG Reinsurance Company Ltd.
Fleming Insurance Holdings and Altamont Capital Partners expect cedents to embrace their flexible, proprietary Planned Loss Portfolio Transfer (LPT) solution as it looks to capitalise on the big opportunity that is the casualty insurance-linked securities (ILS) market.
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.
PALO ALTO, Calif., May 16, 2022 /PRNewswire/ — Altamont Capital Partners today announced that the firm has acquired a majority stake and made a $150M growth capital commitment to Fleming Holdings (“Fleming”). 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 has bought a majority stake in Fleming Holdings and committed $150mn of capital to the platform as it looks to grow with an expanded suite of legacy and prospective capital solutions aimed at middle market P&C carriers, The Insurer can reveal.
Fleming Re Holdings LLC (“Fleming Re”) signed an agreement to acquire, subject to regulatory approval, Sinclair Insurance Company (“Sinclair”). Sinclair was utilized to provide reinsurance to the primary insurers of certain casualty risks of affiliated companies. The acquisition provides the Shareholders of Sinclair with an exit solution allowing full legal finality, elimination of operating expenses, […]
Fleming Reinsurance Ltd. (“Fleming Re”) recently completed the novation of the workers compensation deductible layer of Duarte Nursery, Inc. (“Duarte”). The novation provided Duarte with full legal finality and a release of capital. Duarte Nursery, Inc. is a family owned and operated nursery located near Modesto in the Central Valley of California. Duarte Nursery is […]
Fleming Re Holdings LLC (“Fleming Re”) recently completed the acquisition of AggCap Insurance, Ltd – AggCap II (“AggCap II”), a group captive in run-off providing workers compensation insurance for a large membership of California-based agribusinesses. The acquisition provides members of AggCap II with full legal finality, elimination of operating expenses, and a release of capital. […]
Fleming Reinsurance Ltd. (“Fleming Re”) completed the novation of all liabilities from United SPC Segregated Portfolio #4 (“United SPC4”). The preferred shareholder of United SPC4 desired a liquidity and finality solution for their insurance liabilities in calendar 2018. Fleming Re made this possible through structuring a transaction that achieved the goals of the preferred shareholder and then worked diligently to provide confidence in closing within the desired timeline.