Specialty Risk Re (SRR), a collateral reinsurance company, has successfully closed its $50 million institutional funding round, led by private equity firm NMS Capital Group.
SRR will use the funds to address the growing shortage of reinsurance capacity, offering program carriers and managing general agents (MGAs) a “reliable and well-capitalised partner” amidst rising demand for reliable risk transfer solutions.
The company specialises in quota share and excess-of-loss (XOL) reinsurance programs, partnering with select program administrators to deliver long-term, sustainable structured risk-sharing solutions.
SRR aims to alleviate the challenges faced by MGAs and carriers due to current market constraints and volatility.
Jonathan Collura, SRR President and CEO, stated “This funding marks a significant milestone in our vision to establish SRR as a trusted and well-capitalised partner in the reinsurance market.
“Our strategy is built on disciplined risk selection, allowing us to construct a well-diversified book of business without overexposure to any single class or region. By leveraging our strong capitalization and domestic presence, SRR is positioned to be the go-to reinsurance partner in today’s risk environment.”
As part of its underwriting strategy, SRR focuses on mid- to long-tail risks, leveraging a steady and systematic growth model to enhance long-term insurance and investment returns.
Investors have shown strong interest in SRR, the firm noted, which reflects confidence in its disciplined risk selection and capital management approach.
“The market response to our model has been highly positive,” Collura further commented. “Our investors have already committed access to additional capital as early as the end of Q1 2025, allowing us to scale in response to demand. This strategic flexibility ensures that SRR remains well-positioned to support our partners with stable, long-term capital solutions.”
