Collateral reinsurance company Specialty Risk Re (SRR) has closed a $50m (£39.52m) institutional funding round led by NMS Capital Group.
With this investment, the company aims to enhance its reinsurance capacity to support programme carriers and managing general agents (MGAs).
SRR was established to serve as a capital partner to address the growing gap in reinsurance availability.
The company, which specialises in quota share and excess-of-loss (XOL) reinsurance programmes, plans to work with a select group of programme administrators.
SRR president and CEO Jonathan Collura 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 capitalisation and domestic presence, SRR is positioned to be the go-to reinsurance partner in today’s risk environment.”
SRR noted that the market response to its model has been positive, with investors already committing access to further capital as early as the end of the first quarter of 2025.
Collura also serves on the company’s board of directors and underwriting committee.
SRR’s underwriting strategy is centred on mid to long-tail risks, offering structured risk-sharing solutions and employing a systematic growth model designed to optimise long-term insurance and investment returns.
Founded in 2024, SRR specialises in non-CAT (non-catastrophe) property and casualty programmes that have demonstrated established loss histories.
The company provides sustainable reinsurance solutions tailored to the requirements of MGAs and carriers. It also delivers structured financial solutions to support long-term growth, risk diversification and capital efficiency.
