Specialty Risk Re (SRR), a collateralised reinsurance company, has secured $50m in institutional funding in an investment round led by private equity firm NMS Capital Group.
The funding will support SRR in addressing what it describes as a growing shortfall in reinsurance capacity, according to InsurTech Insights.
The company aims to act as a strategic capital partner for Managing General Agents (MGAs) and carriers, specialising in quota share and excess-of-loss reinsurance programmes. SRR focuses on mid-to-long-tail risks.
SRR provides customised, sustainable reinsurance solutions tailored to the needs of MGAs and carriers.
By leveraging its strong capitalisation and domestic presence, the company seeks to position itself as a key partner in the evolving reinsurance landscape.
The new capital injection will allow SRR to expand its reinsurance capacity and scale in response to market demand.
The company’s strategy is built on disciplined risk selection, ensuring a well-diversified book of business without excessive exposure to any single class or region.
SRR President and CEO Jonathan Collura said, “This funding marks a significant milestone in our vision to establish SRR as a trusted and well-capitalised partner in the reinsurance market.”
He added, “Our strategy is built on disciplined risk selection, allowing us to construct a well-diversified book of business without overexposure to any single class or region. By leveraging our strong capitalisation and domestic presence, SRR is positioned to be the go-to reinsurance partner in today’s risk environment. The market response to our model has been highly positive. Our investors have already committed access to additional capital as early as the end of Q1 2025, allowing us to scale in response to demand.”
Collura continued, “This strategic flexibility ensures that SRR remains well-positioned to support our partners with stable, long-term capital solutions.”
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