Capital raising
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The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc. -
NY-based PE firm BBH Capital has exited its minority investment following the recap.
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Sources said the Ethos-led group will take roughly a 40% stake.
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This publication revealed last October that BroadStreet was seeking investors.
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Insurance Insider US examines potential tariffs’ impact on the PE-backed brokers amid the jammed conveyor belt.
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The company is expanding availability of its large enterprise offerings.
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Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.
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Insurance Insider US revealed last December that the firm had retained RBC to run a strategic process.
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The MGA will grow in specialty lines via talent recruitment and M&A coupled with technology enablement.
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The start-up is closing a Series A fundraise.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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The funding round valued the company at around $850mn.
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