Fortitude Re has announced the signing of a flow reinsurance transaction with a leading Japanese life insurance company.
Fortitude Re executed this transaction through its Bermuda-based subsidiary, Fortitude International Reinsurance Limited.
Sidley Austin LLP and Mori Hamada & Matsumoto served the company as legal counsel.
Alon Neches, CEO of Fortitude Re, commented, “We are very pleased to continue supporting marquee clients in the Japanese insurance industry by providing strategic reinsurance capacity that helps our partners achieve their risk, capital and growth aspirations.
“We see meaningful growth opportunities in the region and are committed to delivering thoughtful solutions tailored to our clients, their products and their markets.”
Neches was appointed CEO by Fortitude Re’s Board of Directors in September this year, taking over from James Bracken who stepped down to pursue other opportunities.
Neches also joined Fortitude Re’s Board of Directors, which the firm explains is the result of a succession planning process to support its continued growth and consolidation of its position as a premier provider of innovative solutions to the global re/insurance industry.
