AmRisc, a subsidiary of CRC Group, has successfully renewed Trouvaille Re Ltd., its insurance sidecar, to provide continued collateralized reinsurance capacity for its coastal commercial E&S property insurance portfolio for another underwriting year beginning April 1, 2025.
This 2025 transaction, supported by Stone Point Capital, secured $580 million of underwriting capital for AmRisc, up from $325 million in capital raised in 2024, sourced from a diversified group of institutional investors and capacity from the transaction’s fronting carrier, MS Transverse.
Brian Reid, CEO of AmRisc, commented, “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, added, “Trouvaille II follows on the success of the initial capital raise for Trouvaille Re Ltd. 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, noted, “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.”
