Talcott launches $1bn West Grove Re with Goldman Sachs
The vehicle takes a quota share of certain Talcott-sourced US annuities, sharing premiums and losses on that business.
Talcott Financial Group today launched West Grove Re, a Bermuda-domiciled reinsurance sidecar formed with Goldman Sachs after closing a capital raise of about $1bn.
The vehicle will participate in a quota share of certain Talcott-sourced US annuities, sharing premiums and losses on part of that business. In practice, a quota share gives the reinsurer a pro-rata share of risk and…
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