AmRisc Secures $580 Million in Underwriting Capital for Coastal E&S Property Insurance
AmRisc, a key subsidiary of CRC Group, has proudly announced the successful renewal of Trouvaille Re Ltd., its innovative insurance sidecar, ensuring continued collateralized reinsurance capacity for its coastal commercial E&S property insurance portfolio. This renewal marks the commencement of another underwriting year starting from April 1, 2025.
With the support of Stone Point Capital, the 2025 transaction has garnered $580 million in underwriting capital for AmRisc, a significant increase from the $325 million raised in 2024. The capital is sourced from a diverse group of institutional investors, along with capacity provided by the transaction’s fronting carrier, MS Transverse.
Brian Reid, CEO of AmRisc, expressed his satisfaction, stating, “We are thrilled to have expanded Trouvaille Re with our investor capacity partners, allowing us to continue serving the coastal commercial property E&S market, a sector we have supported for over 25 years.”
Laura Beckmann, President and Chief Operating Officer of AmRisc, added, “The growth and backing from investors in Trouvaille II strongly confirm our belief in the longevity of this partnership. Investors have developed a deep understanding of AmRisc’s underwriting strategy and trust that we will consistently manage risk responsibly on their behalf.”
Ben Rubin, Head of Stone Point Capital Insurance Solutions, remarked, “Trouvaille II builds on the success of the initial capital raise for Trouvaille Re Ltd. We are pleased that AmRisc has been able to expand with key investor partners to continue serving clients in its targeted markets.”
John Fitzgerald, President of MS Transverse Insurance Group, noted, “We at MS Transverse are extremely pleased to renew our support for Trouvaille Re alongside our esteemed partners, AmRisc and Stone Point. We eagerly anticipate Trouvaille’s continued growth and success.”
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