The funding will bolster SRR’s capacity to address what it describes as a growing shortfall in reinsurance capacity. SRR aims to serve as a strategic capital partner for Managing General Agents (MGAs) and carriers, specialising in quota share and excess-of-loss reinsurance programs. The company focuses on mid-to long-tail risks.

Founded in 2024, Specialty Risk RE provides customised, sustainable reinsurance solutions tailored to the needs of MGAs and carriers.

Commenting on the news,  SRR President and CEO, Jonathan Collura, said: “This funding marks a significant milestone in our vision to establish SRR as a trusted and well-capitalized partner in the reinsurance market.”

He continued: “ 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 market response to our model has been highly positive. 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.”

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