Specialty Risk Re secures $50 million in NMS Capital-led funding round

By Ryan Hewlett

Feb 21 - (The Insurer) - Specialty Risk Re (SRR), a collateralised reinsurer founded in 2024, has closed a $50 million institutional funding round led by private equity firm NMS Capital Group.

The investment will strengthen SRR’s ability to address a “growing shortfall” in reinsurance capacity, the start-up reinsurer said in a statement on Thursday.

SRR, which specialises in non-catastrophe property and casualty programs, said it aims to tackle this shortfall by providing a select group of program carriers and MGAs with reinsurance at a time when market demand for stable risk transfer solutions is rising.

President and CEO Jonathan Collura said: “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.”

The firm, which specialises in quota share and excess-of-loss reinsurance programs, works closely with program administrators to provide long-term, sustainable solutions for structured risk-sharing.

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.

“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,” added Collura.

“This strategic flexibility ensures that SRR remains well-positioned to support our partners with stable, long-term capital solutions.”