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13 March 2024Reinsurance

Fleming rebuffs James River’s complaint, vows to contest ‘frivolous’ lawsuit

Altamont Capital Partners-backed Fleming Intermediate Holdings is preparing to mount a robust defence against what it considers a “frivolous” lawsuit initiated by James River over the delay in closing the $277 million casualty reinsurance deal for JRG Re. Fleming believes JRG Re is in a condition that “dramatically violated the parties’ agreement”.

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