Talcott Financial Group has launched West Grove Re, a Bermuda-domiciled reinsurance sidecar, in partnership with Goldman Sachs. A spokesperson said, “Talcott Financial Group [“Talcott”], an international life insurance group providing comprehensive risk solutions for customers across the retirement and insurance industry, today announced the establishment of West Grove Re, Ltd. [“West Grove Re” or “the sidecar”], a Bermuda-domiciled reinsurance sidecar, in partnership with Goldman Sachs. West Grove Re has closed an approximately $1 billion capital raise, including both equity commitments from Talcott, Goldman Sachs Asset & Wealth Management [AWM] and its clients, and a credit facility. Other third-party investment managers are expected to manage the remainder of West Grove Re’s assets.” Goldman Sachs was advised by Goldman Sachs Global Banking and Markets as financial advisor and Debevoise & Plimpton LLP and Appleby [Bermuda] Limited acted as legal advisors.”