4. Aug 2026
Description
(AWP Alliance News) - Talcott Financial Group formed West Grove Re, a Bermuda-domiciled reinsurance sidecar, in partnership with Goldman Sachs. West Grove Re closed an approximately USD 1 billion capital raise, combining equity commitments from Talcott, Goldman Sachs Asset & Wealth Management and its clients with a credit facility.
The vehicle will take a quota share of certain Talcott-sourced U.S. annuities to support Talcott's expansion in insurance and reinsurance. Goldman Sachs Asset & Wealth Management will act as investment manager for private asset strategies, with other managers expected to run the remaining assets.
https://www.businesswire.com/news/home/20260803466906/en/
Disclaimer: This news brief was created using generative artificial intelligence. The Goldman Sachs Group Inc. published the original content used to generate this news brief via Business Wire on August 04, 2026, and is solely responsible for the information contained therein.
