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Altamont-backed Fleming says it remains willing to acquire JRG Reinsurance. -
The six execs left Acrisure for rival broker Woodruff Sawyer in March.
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PCF claims it overpaid the first year earnout by over $19mn in the $226mn acquisition of Rice.
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Demand for funding is still seen as robust, however.
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Lockton broker Gary Giulietti said the size of the bond is "rarely, if ever, seen".
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The agency will track the potential impact of the lawsuit on James River’s ratings.
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James River sued Fleming yesterday to enforce the $277mn sale of its casualty re unit.
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Fleming has claimed breach of contract and is seeking roughly $78mn in “economic concessions”.
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Procedural expenses in the case have been as high as $100,000 per day.
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Vesttoo is unable to make a similar request again.
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The probe concluded in Q4 last year, according to Gallagher’s 10-K.
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The committee claims Chaucer waited until it had ‘maximum leverage’ over other debtors.
