GS · News · 20260805N
Reinsurance Pool Partnership
GOLDMAN SACHS GROUP INC · 2026-08-05 · Importance 58 · Surprise 42 · In source text
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
- The partnership anticipates the annuity portfolio to reach approximately $10 billion over the next decade. source
- West Grove Re, a Bermuda-based reinsurance vehicle, was established in partnership between Goldman Sachs Group Inc. and Talcott Financial Group and raised $1 billion. source
- The West Grove Re sidecar will manage a portion of Talcott’s U.S.-based annuities, with Goldman Sachs Asset Management overseeing its private-asset strategies. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | — | The partnership anticipates the annuity portfolio to reach approximately $10 billion over the next decade. |
| assets | positive | committed | — | West Grove Re, a Bermuda-based reinsurance vehicle, was established in partnership between Goldman Sachs Group Inc. and Talcott Financial… |
| revenue | positive | probable | — | The West Grove Re sidecar will manage a portion of Talcott’s U.S.-based annuities, with Goldman Sachs Asset Management overseeing its… |