Our Story

Fortitude Re works with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines.

Our deep insurance experience and proprietary risk modeling capabilities allow us to structure bespoke transactions that benefit both insurance companies and their policyholders.

Fortitude Re takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group.

We have been in business since 2017, but our roots in the insurance industry — and the experience of our leadership — go back many decades.

2022
Fortitude Re raises further $2.1 billion in capital equity

Capital raise from existing investors, Carlyle and T&D, significantly strengthens Fortitude Re’s ability to pursue further growth and provide innovative solutions to the global insurance industry.

2021
Fortitude Re Acquires Variable Annuity Business from Prudential

Major transaction demonstrates Fortitude Re’s expertise in delivering comprehensive and value enhancing solutions for clients.

2020
Independent Company Backed by a Consortium of Investors led by The Carlyle Group and T&D Insurance Group

Provides new long-term shareholder base, maintaining strong capital position for supporting reinsurance obligations.

2018-2019
Long-Term Strategic Partnership with The Carlyle Group

Carlyle acquires 19.9% ownership interest in Fortitude Re. Provides Fortitude Re with unique access to Carlyle’s investment capabilities

2018
Reinsurance Transaction with AIG

Fortitude Re enters into a series of Life & Annuity and P&C reinsurance transactions with AIG and receives an initial capitalization of ~$3 BN. The transactions represent ~$37 BN of reserves supported by ~$40 BN of invested assets.

2017
Formation of Fortitude Re

AIG forms a Bermuda domiciled composite reinsurer to reinsure its legacy insurance portfolio in a separate and distinct well capitalized balance sheet. Dedicated and highly experienced management team appointed.

Locations

Jersey City, NJ
Jersey City, NJ
Ten Exchange Place
Suite 2210
Jersey City, NJ 07302
USA
Nashville, TN
Nashville, TN
Seven Springs II
310 Seven Springs Way,
Suite 250
Brentwood, TN 37027
USA
Bermuda
Bermuda
Chesney House
96 Pitts Bay Road,
3rd Floor
Pembroke Parish HM 08
Bermuda

Fortitude Re for Good

Giving back to the community and embracing diversity are at the heart of Fortitude Re's core values.

CEO Action for Diversity & Inclusion

Fortitude Re took the CEO Action for Diversity & Inclusion pledge to advance diversity and inclusion within the workplace. The pledge is the largest CEO-driven business commitment, bringing together more than 2,000 CEOs who have signed on to cultivate environments where diverse experiences and perspectives are welcomed and where employees feel comfortable and encouraged to discuss diversity and inclusion.

CEO Action for Diversity & Inclusion

Fortitude Re Commits to Advancing Racial and Social Equity

In 2020, Fortitude Re made generous donations to a variety of registered non-profit organizations in Jersey City, Nashville and Bermuda, to advance racial and social equity in these cities and surrounding communities. In 2021, Fortitude Re employees took part in a companywide fitness challenge for charity, taking over 16 million steps along the way. Winners of the Challenge received prizes in the form of donation funds that were shared across family shelters and food banks in Nashville, New Jersey, New York and Bermuda as well as Save the Children US.

Fitness Challenge raises $10,000

Fortitude Re and YourCause

YourCause is a wonderful resource that allows Fortitude Re employees to seamlessly create meaningful connections with non-profits. Everyone is able to access YourCause to volunteer for, or donate to , an organization whose mission aligns with their values. And Fortitude Re established a matching program for  employee contributions.

Fortitude Re Commits $260,000 in Charitable Donations