First MGA-sponsored sidecar now provides multi-year collateralized capacity to four fronting carriers
MIDVALE, Utah, July 17, 2026 /PRNewswire/ — Bamboo Ide8 Insurance Services, LLC (“Bamboo”) announced the completion of a multi-year sidecar transaction through Greenshoots Re Ltd. (“Greenshoots Re”) supporting Bamboo’s new California admitted program with MS Transverse.
With the closing of this transaction, Greenshoots Re now provides fully collateralized reinsurance capacity to four fronting carriers across Bamboo’s programs, with the total facility growing to approximately $175 million. Every investor across every sidecar transaction in the facility is committed on a multi-year basis, providing Bamboo and its carrier partners with durable, forward capacity through the underwriting cycle.
John Chu, CEO of Bamboo, commented: “Greenshoots Re was built to be a long-term strategic capital vehicle. Welcoming a fourth carrier partner to the platform is further proof of that thesis: new partners see the value of the platform, and existing partners continue to grow with it. At approximately $175 million, with four fronting carriers and every investor committed on a multi-year basis, Greenshoots Re has become exactly the kind of durable, differentiated capacity franchise we set out to create.”
GC Securities, a division of MMC Securities LLC, acted as the sole structuring agent and sole placement agent for the sidecar transactions. 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. Bamboo has created a business and reinsurance capacity model which is unique amongst their peers and we look forward to working with them on the continued evolution of the Greenshoots Re franchise.”
About Bamboo Insurance
Bamboo Insurance is a technology-enabled, underwriting-first, and capital-light MGU (managing general underwriter) focused on homeowners’ coverage and purpose-built for the new era of insurance. Embedding AI and automation across underwriting, claims, and distribution, Bamboo combines carrier-grade, data-driven underwriting discipline with proprietary insights and deep domain expertise. The company pairs those capabilities with the flexibility of the MGU model to deliver faster quote-to-bind, more precise pricing, and disciplined risk selection.
Bamboo manages key functions across the value chain while partnering with a scaled network of highly rated insurance and reinsurance capacity providers. With a multi-channel, partner-centric distribution model and growing capacity ecosystem, Bamboo is positioned to expand efficiently in existing and new markets while delivering value to policyholders, underwriting partners, and distribution partners.
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SOURCE Bamboo Insurance
