2020
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
2020

Investment Grade Rating from Fitch & $550m Credit Facility

– Confirms our ability to process and manage insurance and related risk

– Provides additional strength to our balance sheet, providing further protection to our clients and other stakeholders

2018
2018

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 Transactions 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
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

2016
2016

Origins of Our In-Force Legacy Business

– AIG creates “Legacy” portfolio as a separate non-core segment
– Legacy portfolio represents insurance reserves associated with discontinued lines of Life & Annuity and P&C insurance businesses