Specialty Threat RE (SRR), a non-cat property and casualty targeted collateralised reinsurer launched in 2024, has efficiently closed an preliminary $50 million institutional funding spherical, led by non-public fairness agency NMS Capital Group.
The California-based collateralised reinsurer states that it has a give attention to mid to long-tail dangers, specialising in non-cat property and casualty quota share and extra of loss reinsurance programmes with established loss histories.This preliminary $50 million funding bolsters the corporate’s means to deal with what it describes as a rising deficit in reinsurance capability, offering sure programme carriers and managing common brokers (MGAs) with a “dependable, well-capitalized associate at a time when market demand for steady danger switch options is rising.”
Specialty Threat RE says that it was established final yr to function a strategic capital associate for MGAs and carriers, and works carefully with a choose group of programme directors because it appears to be like to supply long-term and sustainable reinsurance options for structured risk-sharing.
“This funding marks a major milestone in our imaginative and prescient to ascertain SRR as a trusted and well-capitalized associate within the reinsurance market. Our technique is constructed on disciplined danger choice, permitting us to assemble a well-diversified guide of enterprise with out overexposure to any single class or area. By leveraging our sturdy capitalization and home presence, SRR is positioned to be the go-to reinsurance associate in at present’s danger atmosphere,” mentioned President and Chief Government Officer, Jonathan Collura.
As a part of its underwriting technique, the reinsurer utilises a “regular and systemic progress mannequin” designed to reinforce long-term insurance coverage and funding returns.
In keeping with the agency, investor curiosity has been exceptionally sturdy.
Collura added, “The market response to our mannequin has been extremely constructive. Our buyers have already dedicated entry to extra capital as early as the tip of Q1 2025, permitting us to scale in response to demand. This strategic flexibility ensures that SRR stays well-positioned to assist our companions with steady, long-term capital options.”
