Fortitude Re Enhances Reinsurance Capabilities
-
Forms new
Bermuda multi-line reinsurer
-
Acquires
U.S. life insurer
- Obtains Reciprocal Jurisdiction Reinsurer status
Fortitude Re announced today the formation of a
Today’s announcement follows other recently announced transactions that introduce additional capabilities to Fortitude Re’s franchise, including the acquisition of two
New Bermuda Reinsurer and
Effective
In addition, on
Reciprocal Jurisdiction Reinsurer Status
Effective
FRL’s Reciprocal Jurisdiction Reinsurer status allows
“The transactions and regulatory approval represent an important step in the evolution and expansion of the capabilities Fortitude Re is able to offer to clients to solve their most complex challenges. With the establishment of FIRL, we expect to grow our international reinsurance business in
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 legacy Life & Annuity and P&C lines. Fortitude Re is an independent company backed by a consortium of sophisticated investor groups led by The Carlyle Group and
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Media:
Source: Fortitude Re
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