Jaguar Holdings LLC, the Bermuda parent of Fleming International Reinsurance, has asked a New York bankruptcy court to recognise its Bermuda liquidation under Chapter 15 of the United States Bankruptcy Code.

Wednesday’s filing marks the first US insolvency proceeding for Jaguar itself, extending the cross-border process already under way at its Bermudian-based insurance subsidiary and its Cayman Islands parent, Fleming Intermediate Holdings.

Jaguar is the direct parent of Fleming International, formerly JRG Reinsurance Co. Royal Bank of Canada filed a winding-up petition against Jaguar in Bermuda in October last year, amid wider financial distress following Fleming’s 2024 acquisition of JRG Re from James River Group Holdings.

The new petition names Charles Thresh, Michael Morrison and Mark Allitt, of Teneo (Bermuda) Ltd, as Jaguar’s foreign representatives. It seeks recognition of the Bermuda proceeding as a foreign main proceeding, which would allow the liquidators to seek assistance and protections from the US court in relation to American assets, creditors or litigation.

The filing is listed as related to the Chapter 15 case brought last month by Fleming Intermediate Holdings, Jaguar’s Cayman parent. The liquidators have also asked for the two US proceedings to be jointly administered.

The petition does not disclose a new recovery action, asset value, creditor claim or allegation of wrongdoing.