AmRisc boosts Trouvaille Re sidecar capacity
AmRisc has nearly doubled the capacity of its Trouvaille Re sidecar, renewing the vehicle for another underwriting year starting April 1.
The Bermuda-based sidecar provides collateralised reinsurance support for AmRisc’s coastal commercial E&S property portfolio. It raised $325mn in capital last year and has expanded significantly for 2025.
The transaction secured $580 million of underwriting capital for AmRisc, sourced from a group of institutional investors and capacity from the transaction’s fronting carrier, MS Transverse.
The sidecar grew from $325 million in capital raised in 2024 to $580 million this year.
Houston-based AmRisc is a coastal commercial property insurance MGA with approximately $2 billion in E&S gross premiums written annually on behalf of capacity providers in addition to over $600 million of admitted premiums written annually.
Brian Reid, CEO of AmRisc, said: “We are pleased to have grown Trouvaille Re with our investor capacity partners, allowing us to continue to serve the coastal commercial property E&S market that we have supported for more than 25 years.”
Laura Beckmann, AmRisc's president and chief operating officer, said: “The growth and support from investors in Trouvaille II reaffirms our belief that this partnership can continue for the long term. Investors have come to understand AmRisc's underwriting approach and trust that we will continue to write and manage risk responsibly on their behalf.”
Ben Rubin, head of Stone Point Capital Insurance Solutions, said: “Trouvaille II follows on the success of the initial capital raise for Trouvaille Re. We are pleased that AmRisc has been able to grow with key investor partners to continue to serve clients in its targeted markets.”
John Fitzgerald, president of MS Transverse Insurance Group, said: “MS Transverse is extremely pleased to renew our support of Trouvaille Re alongside our distinguished partners, AmRisc and Stone Point. We look forward to Trouvaille’s continued growth and success.”
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