Core Strengths & Client Solutions

Fortitude Re is Bermuda’s largest multiline reinsurer with unique competitive advantages and expertise to design bespoke solutions for (re)insurers. Our experienced leadership team and unique heritage has prepared us well for the future, as we focus on comprehensive, transformational deals. Our strong financial position and investment grade ratings, validate the strength and stability Fortitude Re offers and reinforces our vision of “adding confidence to the promises of the insurance industry.” We are here for the long haul and are committed to delivering innovative solutions for our partners.

As a trusted partner with deep expertise in insurance and liability-driven investment strategies, Fortitude Re helps clients solve their most complex challenges with reinsurance solutions that allow clients to;

Client Solutions

  • Reduce earnings volatility
  • Unlock value through capital release
  • Reduce cost of capital
  • Focus on core strategies

Core Competencies

Sophisticated ALM
Modeling Capabilities

Our proprietary asset-liability modeling approach gives us the ability to generate superior risk-adjusted investment returns.

Liability-Led Approach

Our expertise managing a broad scope of Life & Annuity and P&C insurance reserves allows us to model liability cashflows with confidence.

Capital Efficiency

Our composite capital structure provides advantage over monoline reinsurers.

Highly Scalable Platform

We are unburdened by legacy expenses and processes, allowing us to invest heavily in our people and move with great agility and responsiveness.

Policy Administration Expertise

Our Fortitude Life & Annuity Solutions subsidiary, staffed by policy administration experts, provides us with a highly cost-effective, experienced and scalable administration platform for runoff life and annuity insurance blocks.

Claims Handling Expertise

Our Fortitude P&C Solutions subsidiary, staffed by deeply-experienced claims professionals, allows us to provide a full P&C claims administrative solution to our customers.

Financial Information

Portfolio & Financial Highlights

Invested Assets1

A diversified high-quality investment portfolio that is well-matched to the nature of its liabilities with a 10-year average duration.

Invested Assets<sup>1</sup>

Liabilities1

Diversified and seasoned portfolio of legacy liabilities.

Liabilities<sup>1</sup>
$76BN
Invested Assets
$78BN
GAAP Reserves
$7BN
Economic Surplus3
196%
Enhanced Capital Ratio4

1As of 12/31/2023     2 Nominal reserves at YE23
3,4December 2023 Total Available Capital and Group Capital Ratio as defined by Fortitude Re’s Proforma Group Capital

Financial Strength Ratings

Fortitude Reinsurance Company Ltd. (FRL)
AM Best1: A
Fitch Ratings2: BBB
Fortitude International Reinsurance Ltd. (FIRL)
AM Best1: A
Fortitude Life Insurance & Annuity Company (FLIAC)
AM Best1: A
Fitch Ratings2: BBB+

1Last updated 5/2/2023      2Last updated 11/26/2024

Board of Directors

Brian T. Schreiber
Brian T. Schreiber
Alon Neches
Alon Neches
Ciara A. Burnham
Ciara A. Burnham
Sihong Chan
Sihong Chan
Douglas A. French
Douglas A. French
Neville Grant
Neville Grant
Takayuki Hanao
Takayuki Hanao
Nobuaki Iwaoka
Nobuaki Iwaoka
Patrick Kelleher
Patrick Kelleher
Brian O'Hara
Brian O'Hara
Richard Patching
Richard Patching
Steven Turner
Steven Turner
Jane Tutoki
Jane Tutoki
Reggie Van Lee
Reggie Van Lee
Samuel J. Weinhoff
Samuel J. Weinhoff

Our Investors

Fortitude Re is backed by a consortium of sophisticated, long-term oriented institutional investors that includes:

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest.

 

T&D Holdings (TSE: 8795) is a publicly listed insurance holdings company of T&D Insurance Group, which is comprised of three core life insurers, Taiyo Life Insurance Company, Daido Life Insurance Company, and T&D Financial Life Insurance Company. As of March 31, 2024, total assets of T&D Holdings were JPY 17,207 billion.

 

News

Fortitude Re’s Operating Subsidiaries Achieve Moody’s A3 Rating

Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced that Moody’s Investor Service (Moody’s) has assigned A3 Insurance Financial Strength Ratings to Fortitude Re’s three main operating companies: Fortitude Reinsurance Co. Ltd., Fortitude International Reinsurance Co. Ltd., and Fortitude Life Insurance and Annuity Co. Additionally, the global rating agency assigned a Baa2 Long-Term Issuer Rating to FGH Parent, L.P., the group’s lead holding company. The outlook on all ratings is stable.

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Fitch Revises Fortitude’s Outlook to Positive; Affirms Ratings

Fitch Ratings – New York – 26 Nov 2024: Fitch Ratings has affirmed Fortitude Reinsurance Company Ltd. (FRL) and Fortitude Life Insurance and Annuity Company’s (FLIAC) Insurer Financial Strength (IFS) ratings at ‘BBB+’. Fitch has also affirmed the ‘BBB’ Issuer Default Ratings (IDRs) for FRL’s holding companies: Fortitude Group Holdings, LLC (FGH) and FGH Parent, […]

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Fortitude Re Donates $250,000 to Educational Arts Team to Support Innovative Arts Programming for Youth in New Jersey

HAMILTON, Bermuda–(BUSINESS WIRE)–Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced a $250,000 donation to the Educational Arts Team. Founded in 1974, the nonprofit has been a cornerstone in the Jersey City community, offering innovative arts programs that integrate drama, visual arts, and music into the educational experience for K-12 students. Programming is designed to enhance […]

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