FG Financial Group, Inc. announced that the Company's reinsurance subsidiary, FG Reinsurance Ltd. (FGRe) has formed a reinsurance sidecar, FG Re Investors I LLC, to provide collateralized capacity to support their growing reinsurance portfolio. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors. The new reinsurance sidecar intends to raise third-party investor capital to fund its business activities.

Castle Placement, LLC has been engaged by FG Re Investors I LLC as the exclusive placement agent for the capital raise.