Sidecars
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Total reinsurer capital grew by $45bn in 2024 to $715bn. -
The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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Multiple reinsurance brokers have pitched the firm for sidecars.
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The raise includes minority investments from Nationwide, Enstar and others.
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Interest in these vehicles has increased recently, but market softening could throw a curve ball at growth.
