MNK Group Launches Labuan, Malaysia-Based Reinsurance Unit October 7, 2024 MNK Group has launched a specialty reinsurance subsidiary in Labuan, Malaysia, called Pt Mekong Re. The business will offer flexible...
The Fidelis Partnership Launches Specialty Reinsurance MGA October 3, 2024 Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the...
AM Best Puts SCOR’s Credit Ratings Under Review After L&H Reserve Announcement July 25, 2024 AM Best has placed the credit ratings of SCOR, the Paris-based reinsurer, under review with developing implications. The ratings were...
New London-Based Specialty Reinsurer, Stability Re, Launched July 24, 2024 The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023...
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition July 17, 2024 By L.S. Howard Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300...
Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute April 19, 2024 By L.S. Howard James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty...
Hannover Re Combines Cyber, Digital Underwriting Expertise in New Reinsurance Unit March 26, 2024 Hannover Re will combine its global business in the areas of cyber and digital, creating a new specialty reinsurance business...
Update: James River Files Suit Against Fleming for Failing to Close Purchase of JRG Re March 11, 2024 By L.S. Howard James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete...
AM Best Downgrades Ratings of JRG Re; James River Group Gets Negative Outlook January 2, 2024 AM Best has downgraded the financial strength rating of JRG Reinsurance (JRG Re) to B++ (Good) from A- (Excellent) and...
Update: James River to Exit Reinsurance, Agreeing to Sell JRG Re to Fleming for $277M November 8, 2023 James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its...