Fleming, a specialist run-off reinsurer, agreed to acquire JRG Reinsurance, a third-party casualty reinsurance business, from James River, a group that owns and operates a group of specialty insurance and reinsurance companies, for $277m. “Today’s announcement represents a key milestone for James River and is strategically significant for both our Company and Fleming. The transaction aligns with James River’s strategy to focus our resources on core businesses where we have meaningful scale, including our E&S and fronting businesses. We are excited about the new partnership with Fleming, which we believe will be a great new home for the staff of JRG Re," Frank D’Orazio, James River Chief Executive Officer.