-

Fortitude Re Continues to Build Japan Franchise Through Flow Reinsurance Transaction

HAMILTON, Bermuda--(BUSINESS WIRE)--FGH Parent, L.P (“Fortitude Re”), parent company of Bermuda’s largest multi-line reinsurer, today announced the signing of a flow reinsurance transaction with a leading Japanese life insurance company. Fortitude Re executed this transaction through its Bermuda-based subsidiary, Fortitude International Reinsurance Limited.

“We are very pleased to continue supporting marquee clients in the Japanese insurance industry by providing strategic reinsurance capacity that helps our partners achieve their risk, capital and growth aspirations,” commented Alon Neches, Chief Executive Officer of Fortitude Re. “We see meaningful growth opportunities in the region and are committed to delivering thoughtful solutions tailored to our clients, their products and their markets.”

Sidley Austin LLP and Mori Hamada & Matsumoto served as legal counsel to Fortitude Re.

About Fortitude Re

The Fortitude Re Group includes Bermuda’s largest multi-line composite reinsurer, with unique competitive advantages and expertise to design bespoke transactional solutions for Life & Annuity and P&C lines. Fortitude Re is backed by a consortium of sophisticated investor groups led by The Carlyle Group and T&D Insurance Group. Fortitude Re holds approximately $48 billion in invested assets as of December 31, 2021. For more information visit, www.fortitude-re.com. Follow Fortitude Re on LinkedIn.

Contacts

Media
Lara Watson, lara.watson@fortitude-re.com

Industry:

Fortitude Re

Release Versions
EnglishSpanishPortugueseGermanFrenchItalian (Summary)Dutch (Summary)Chinese TraditionalChinese SimplifiedJapanese

Contacts

Media
Lara Watson, lara.watson@fortitude-re.com

More News From Fortitude Re

Fortitude Re Announces $3.8 Billion Long-Term Care Reinsurance Agreement with Unum Group

HAMILTON, Bermuda--(BUSINESS WIRE)--Fortitude Re announced today the signing of a $3.8 billion reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (“FRL”) and Unum Life Insurance Company of America (“Unum”), a subsidiary of Unum Group (NYSE: UNM). Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will recapture from Fairwind Insurance Company ("Fairwind"), a wholly-owned subsidiary of Unu...

Fortitude Re Completes $500 Million FABN Issuance

HAMILTON, Bermuda--(BUSINESS WIRE)--FGH Parent, L.P., (“FGP” and together with its subsidiaries, “Fortitude Re”), a leading global reinsurance company, today announced that Fortitude Life Insurance & Annuity Company (“FLIAC”) has completed its second funding agreement backed notes (“FABN”) offering to institutional investors, scheduled to settle June 12, 2026. The notes will be issued by Fortitude Global Funding (the “Issuer”), an unaffiliated Delaware statutory trust, and are backed by a f...

Fortitude Re Donates $200,000 to the Educational Arts Team to Support Creative Learning in Jersey City

HAMILTON, Bermuda--(BUSINESS WIRE)--Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced a $200,000 donation to the Educational Arts Team through its Fortitude Re 4 Good community partnership program. The donation will help expand arts-based learning experiences that encourage creativity, self-expression, and academic growth among students in Jersey City and neighboring communities. The Educational Arts Team is a nonprofit organization that uses visual and performance arts to he...
Back to Newsroom