Mayer Brown advises Flexpoint and Sixth Street on $400 million collateralized reinsurance vehicle

Mayer Brown advised Flexpoint Ford, LLC and Sixth Street in connection with an approximately $400 million capital commitment to Ryan Alternative Capital Re, Ltd. (RAC Re), a newly established collateralized reinsurance vehicle sponsored by Ryan Specialty.

RAC Re is a multi-year, multi-class property and casualty collateralized reinsurance vehicle designed to provide additional capacity to Ryan Specialty Underwriting Managers (RSUM), the delegated authority underwriting division within Ryan Specialty. The vehicle will deliver reinsurance capital on a risk-attaching basis over multiple years, supporting the anticipated growth of RSUM's syndicated delegated authority property and casualty insurance platform.

The Mayer Brown team was led by Corporate & Securities partner Joseph Castelluccio and Banking & Finance partners Richard Spitzer and Daniel Scher, and included Tax partner Brennan Young and Banking & Finance associate Alexander Duym.

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