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Novacore Launches Reinsurance Sidecar Backed by New Mountain Capital
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Novacore launches reinsurance sidecar backed by New Mountain Capital
Novacore, an independent, specialty insurance managing general agent (MGA), has launched NovaRe, a new collateralised reinsurance sidecar backed by New York-based alternative investment firm, New Mountain Capital, LLC, through the establishment of VictoryRe. NovaRe marks the firm’s entry into the reinsurance carrier market with a long-term vision to build a diversified, multi-line platform. The vehicle has been structured to align interests with…
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