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The unit will target Northern European M&A within the next six months.
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Retentions and coverage could be affected by future adverse claims trends.
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The Goldman-backed consolidator branched out into MGAs this year.
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The talks are advanced, and the process is likely to move rapidly.
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The deal comes after 127 transactions for Risk Strategies since 2018.
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The transaction is expected to close before the end of the second quarter.
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The agency will track the potential impact of the lawsuit on James River’s ratings.
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The Belgian carrier lodged a takeover bid in January.
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The broker had recently received “multiple strategic approaches”.
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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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The broker aimed to secure better terms and borrow more from public lenders.
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