GS · News · 20260804N

Reinsurance Pool Partnership

GOLDMAN SACHS GROUP INC · 2026-08-04 · Importance 58 · Surprise 42

Goldman Sachs Asset & Wealth Management partnered with Talcott Financial Group to establish West Grove Re, a Bermuda-based reinsurance vehicle. The platform raised $1 billion through equity and a credit facility, including funding from Goldman and its clients. West Grove Re will manage a portion of Talcott’s U.S.-based annuity portfolio, which is expected to reach approximately $10 billion over the next decade. Goldman Sachs Asset Management will oversee the vehicle’s private-asset strategies.

Key facts

• West Grove Re, Ltd. has secured $1 billion in equity and credit facility funding. source
• The funding round included new investors Talcott Financial Group, Ltd., and Goldman Sachs Asset & Wealth Management, a division of The Goldman Sachs Group, Inc., along with its clients. source
• Goldman Sachs Asset Management and its clients participated as investors in the West Grove Re funding round that included issuance of convertible preferred stock by West Grove Re, Ltd. source