Platform provides crucial capabilities to improve risk and outcomes for counterparties and stakeholders

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.