Sidecars
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The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc. -
The program will provide excess casualty coverage across a broad range of industries.
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Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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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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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.
