Dispute for $3.9m reopened amid reinsurance liquidation
A United States federal court has reopened a stayed lawsuit involving Bermudian-based Fleming International Reinsurance Ltd and set a jury trial for November 2, marking the first substantial litigation activity since the company entered provisional liquidation in Bermuda last October.
In an order dated February 9, the United States District Court for the Northern District of Texas granted a joint motion by the parties to reopen the case.
The dispute centres on commission payments covering commercial auto liability business written between 2014 and 2018.
Fleming, which acquired James River Group Reinsurance Co Ltd from James River Group Holdings in April 2024, alleges that National Transportation Associates Inc failed to remit approximately $3.4 million in return commissions after loss ratios on the underlying book went over certain thresholds. An additional sum of roughly $500,000 is also claimed.
Court filings state that the 2017 treaty year produced a loss ratio of 122 per cent, meaning the company paid out more in claims than it collected in premiums.
In its original complaint, JRG wrote: “The business written by NTA has not been profitable. In violation of its obligations under the QSRAs to remit to JRG Re adjustments on the provisional commissions, NTA has failed to pay to JRG Re nearly $3.5 million in commission adjustments for nearly three years.”
The case had been administratively closed in November after Fleming sought Chapter 15 recognition in the United States of a Bermuda provisional liquidation proceeding.
A Supreme Court advertisement, first published by OffshoreAlert, shows that Royal Bank of Canada presented a winding-up petition against Jaguar Holdings LLC, the parent of Fleming International Reinsurance Ltd, on October 16, 2025. Fleming applied for provisional liquidation four days later.
The Supreme Court’s Commercial Court appointed joint provisional liquidators from AlixPartners United Kingdom LLP and Kroll Bermuda Ltd.
The reopening comes against the backdrop of broader litigation tied to Fleming’s acquisition of JRG from Bermudian-based James River Group Holdings.
A New York federal judge last year dismissed a securities-fraud action brought by Fleming Intermediate Holdings over the nearly $300 million transaction, ruling that the dispute was “predominantly foreign” and outside the scope of US securities law.
The recent reopening of a long-paused Texas case provides a sign that the company’s provisional liquidation is moving into active recovery.
Under the revised timetable, mediation is scheduled for April 3, 2026, with dispositive motions due in June. Discovery is set to conclude in mid-June ahead of the November jury trial.
⋅ For the original complaint and the recent case filing, see Related Media
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