Bamboo Pioneers MGA-Sponsored Sidecar Expansion with Accredited to Launch E&S Signature in Texas
Bamboo Ide8 Insurance Services, a subsidiary of White Mountains Insurance Group (NYSE: WTM), has partnered with Accredited to launch their new E&S Signature program in Texas, supported by a multi-year sidecar transaction through Greenshoots Re Ltd.
The sidecar, initially established in early 2025, represents a strategic expansion of Bamboo's reinsurance capabilities. CEO John Chu highlighted Greenshoots Re as a strategic differentiator providing flexible, long-term capital access for both new and existing programs. GC Securities acted as the sole structuring and placement agent, with Willkie Farr & Gallagher as deal counsel.
Bamboo Ide8 Insurance Services, controllata da White Mountains Insurance Group (NYSE: WTM), ha stretto una partnership con Accredited per lanciare il nuovo programma E&S Signature in Texas, supportato da una transazione sidecar pluriennale gestita tramite Greenshoots Re Ltd.
Il sidecar, istituito inizialmente all'inizio del 2025, rappresenta un'espansione strategica delle capacità di riassicurazione di Bamboo. Il CEO John Chu ha sottolineato Greenshoots Re come un elemento differenziante strategico che fornisce accesso a capitale flessibile e a lungo termine sia per i nuovi che per i programmi esistenti. GC Securities ha agito come unico structuring e placement agent, con Willkie Farr & Gallagher come consulente legale della transazione.
Bamboo Ide8 Insurance Services, una subsidiaria de White Mountains Insurance Group (NYSE: WTM), se ha asociado con Accredited para lanzar su nuevo programa E&S Signature en Texas, respaldado por una transacción sidecar multianual a través de Greenshoots Re Ltd.
El sidecar, establecido inicialmente a principios de 2025, representa una expansión estratégica de las capacidades de reaseguro de Bamboo. El CEO John Chu destacó Greenshoots Re como un diferenciador estratégico que proporciona acceso de capital flexible y a largo plazo para programas nuevos y existentes. GC Securities actuó como único estructurador y agente de colocación, y Willkie Farr & Gallagher como asesor legal del acuerdo.
Bamboo Ide8 Insurance Services는 White Mountains Insurance Group (NYSE: WTM)의 계열사로, Accredited와 협력해 텍사스에서 새로운 E&S Signature 프로그램을 출시했으며, Greenshoots Re Ltd를 통한 다년간의 사이드카 거래를 지원받습니다.
사이드카는 2025년 초에 처음 설립되었으며 Bamboo의 재보험 역량 확장의 전략적 차원입니다. CEO 존 추(John Chu)는 Greenshoots Re를 전략적 차별화 요소로 강조하며 신규 및 기존 프로그램 모두에 대해 유연하고 장기적인 자본 접근성을 제공합니다. GC Securities가 유일한 구조화 및 배치 에이전트로 활동했고 Willkie Farr & Gallagher가 거래 고문으로 참여했습니다.
Bamboo Ide8 Insurance Services, filiale de White Mountains Insurance Group (NYSE: WTM), s'est associée à Accredited pour lancer leur nouveau programme E&S Signature au Texas, soutenu par une transaction sidecar pluriannuelle via Greenshoots Re Ltd.
Le sidecar, établi initialement début 2025, représente une expansion stratégique des capacités de réassurance de Bamboo. Le PDG John Chu a souligné Greenshoots Re comme un différenciateur stratégique offrant un accès à du capital flexible et à long terme pour les nouveaux et les programmes existants. GC Securities a agi en tant que seul structuring et placement agent, Willkie Farr & Gallagher comme conseil du dossier.
Bamboo Ide8 Insurance Services, eine Tochtergesellschaft der White Mountains Insurance Group (NYSE: WTM), hat sich mit Accredited zusammengeschlossen, um ihr neues E&S Signature-Programm in Texas zu starten, unterstützt durch eine mehrjährige Sidecar-Transaktion über Greenshoots Re Ltd.
Der Sidecar, der Anfang 2025 erstmals etabliert wurde, stellt eine strategische Erweiterung der Rückversicherungskapazitäten von Bamboo dar. CEO John Chu hob Greenshoots Re als einen strategischen Unterscheidungsmerkmal hervor, der flexiblen, langfristigen Kapitalzugang für neue und bestehende Programme bietet. GC Securities fungierte als einziger Strukturierungs- und Placement-Agent, Willkie Farr & Gallagher als Transaktionsberater.
Bamboo Ide8 Insurance Services، شركة تابعة لـ White Mountains Insurance Group (NYSE: WTM)، تعاونت مع Accredited لإطلاق برنامج E&S Signature الجديد في تكساس، مدعوماً بمعاملة Sidecar لمدة عدة سنوات من خلال Greenshoots Re Ltd.
Sidecar، الذي أُنشئ في البداية في أوائل 2025، يمثل توسعاً استراتيجياً لقدرات إعادة التأمين لدى Bamboo. وأشار المدير التنفيذي جون تشو إلى Greenshoots Re كـ مميز استراتيجي يوفر إمكانية وصول إلى رأس المال مرن وطويل الأمد لكل من البرامج الجديدة والقائمة. كما تولت GC Securities دور وكيل هيكلة وتوزيع وحيد، وWillkie Farr & Gallagher كمستشار للصفقة.
Bamboo Ide8 Insurance Services，是 White Mountains Insurance Group (NYSE: WTM) 的子公司，与 Accredited 合作在得克萨斯州推出其新的 E&S Signature 计划，并通过 Greenshoots Re Ltd 支持的一项多年侧袋交易。
该侧袋交易最初在 2025 年初设立，是 Bamboo 的再保险能力的战略扩张。首席执行官 John Chu 强调 Greenshoots Re 是一个 战略性差异化因素，为新旧项目提供灵活、长期的资本获取。GC Securities 担任唯一的结构与配售代理人，Willkie Farr & Gallagher 担任交易律师。
- First MGA-sponsored sidecar vehicle to work with multiple unaffiliated cedants
- Strategic expansion of capital markets access through Greenshoots Re
- Successful completion of reinsurance program for new E&S Signature launch
- None.
Insights
Bamboo expands MGA-sponsored sidecar to support new Texas E&S program, demonstrating innovative alternative capital strategy.
Bamboo, a White Mountains Insurance Group subsidiary, has successfully completed a reinsurance program supporting its new E&S Signature program launch in Texas, in partnership with specialty insurer Accredited. The key innovation here is the expansion of Greenshoots Re Ltd., a multi-year sidecar transaction initially established earlier in 2025.
This development marks a significant milestone in the insurance sector as Greenshoots Re becomes the first MGA-sponsored sidecar vehicle to support multiple unaffiliated insurance companies. Traditional sidecars are typically sponsored by insurance carriers themselves, not by Managing General Agents (MGAs) like Bamboo.
The strategic importance cannot be overstated. By creating this flexible capital vehicle, Bamboo has engineered a competitive advantage in the hard reinsurance market, where capacity remains constrained. This arrangement allows them to tap into capital markets directly, securing additional reinsurance capacity beyond traditional reinsurance panels.
For White Mountains shareholders, this represents a potentially valuable diversification of capital sources and business expansion capability. The fact that GC Securities notes "healthy investor interest" in Bamboo's underwriting platform suggests the market views this approach favorably. The multi-program utilization (first with an earlier program and now with the Accredited E&S program) demonstrates that this isn't a one-off arrangement but rather a sustainable strategic initiative with growth potential.
The timing aligns with the broader industry trend of seeking alternative capital solutions when traditional reinsurance pricing remains elevated, particularly in the excess and surplus (E&S) markets that typically handle more complex or higher-risk coverage that standard markets avoid.
John Chu, CEO of Bamboo, commented: "Greenshoots Re was first used to bring complementary capital markets capacity to another program's traditional reinsurance panel earlier this year. However, our broader goal was to create a flexible, long term strategic capital vehicle providing incremental capacity access for both new and existing programs. The Accredited transaction is validation of this thesis, and we appreciate their support and recognition of this capability as we jointly launch E&S Signature and
GC Securities, a division of MMC Securities LLC, acted as the sole structuring agent and sole placement agent for the sidecar. Willkie Farr & Gallagher LLP served as deal counsel.
Liam Martens, Managing Director of GC Securities, said: "We're proud to have supported Bamboo on another sidecar issuance. We continue to see healthy investor interest in Bamboo's underwriting platform and the Greenshoots Re franchise. We believe the Greenshoots Re franchise is unique insofar that it is the first MGA sponsored sidecar vehicle to have faced multiple unaffiliated cedants and will look to further extend its use in providing meaningful fully collateralized reinsurance support for additional Bamboo programs in the near future."
About Bamboo Insurance:
Bamboo Insurance is a modern, customer-focused insurance provider dedicated to simplifying the insurance experience. While we leverage technology as a tool to streamline processes, our true difference lies in our commitment to being a human-first company. We take the time to understand our customers' needs, offer transparent solutions, and provide a personal touch in everything we do. Bamboo is a Managing General Agency licensed to sell property-casualty insurance products; NPN 18657046; CA License #0M31082. Through a customer-centered approach, Bamboo is transforming the way people think about and interact with their insurance.
For more information, visit www.bambooinsurance.com.
About Accredited:
A leading specialty insurer, Accredited® is the only dedicated program partner to provide A- rated insurance capacity in each of the US,
For more information, visit www.accreditedinsurance.com.
Media Contact:
Tess Shoe
Sr. Communications Manager
Bamboo Insurance
tshoe@bambooinsurance.com
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SOURCE Bamboo Insurance
FAQ
What is the significance of Bamboo's Greenshoots Re sidecar expansion for WTM shareholders?
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