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;
Our proprietary asset-liability modeling approach gives us the ability to generate superior risk-adjusted investment returns.
Our expertise managing a broad scope of Life & Annuity and P&C insurance reserves allows us to model liability cashflows with confidence.
Our composite capital structure provides advantage over monoline reinsurers.
We are unburdened by legacy expenses and processes, allowing us to invest heavily in our people and move with great agility and responsiveness.
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.
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.
A diversified, high-quality investment portfolio that is well-matched to the nature of its liabilities, with a 12.2 year average duration.
Diversified and seasoned portfolio of legacy liabilities.
1As of 12/31/2021 2 Nominal reserves at YE21
3December 2021 Fortitude Group Total Available Capital as defined by the Bermuda Economic Balance Sheet
4December 2021 proforma ECR at Fortitude Group
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 $301 billion of assets under management as of December 31, 2021, 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. Its headquarters is located in Tokyo, Japan. As of December 31, 2021, total assets of T&D Holdings were JPY 18,249 billion.
FGH Parent, L.P. (“Fortitude Re”), today announced the opening of its Tokyo Representative Office and appointment of Hajime Kawafuji as its Chief Representative. Mr. Kawafuji is a leader in the Japanese business community, with a broad range of investing and advisory experience across several industries.
Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced the signing of a $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation (NYSE: LNC) and its affiliates (“Lincoln”).
Upon receipt of regulatory approvals, Lincoln will reinsure a significant portion of its universal life insurance and fixed annuity business to Fortitude Re. Lincoln will continue to service and administer the reinsured policies.
FGH Parent, L.P (“Fortitude Re”), has announced the closing of two reinsurance transactions with leading Japanese life insurance companies. Both block reinsurance deals, executed through one of Fortitude Re’s Bermuda-based subsidiaries, Fortitude International Reinsurance Limited, are comprised of whole life insurance policies.
The cedants will continue to service and administer the reinsured policies.