Reinsurance News
Fortitude Re
Fitch upgrades Fortitude Re’s ratings on improved company profile
21st November 2025
Fitch Ratings has upgraded Fortitude Re’s ratings, citing an improved company profile that has strengthened in recent years through a series of strategic transactions, including reinsurance deals that have expanded the company’s scale and diversified its risk exposure. Notably, Fitch has upgraded Fortitude Reinsurance Company Ltd. (FRL) and Fortitude Life Insurance ... Read the full article
Fortitude Re/Carlyle Asia reinsurance sidecar launches with $700m+ in capital
22nd October 2025
Fortitude Carlyle Asia Reinsurance, Ltd. (FCA Re), Fortitude Re’s and Carlyle’s recently launched Asia focused reinsurance sidecar, is commencing operations with more than $700 million in deployable capital, including equity and expected debt capacity. The sidecar is a Class E licensed Bermuda-domiciled reinsurer established to accelerate Fortitude Re’s growth in the ... Read the full article
T&D Holdings invests in new Fortitude Re and Carlyle reinsurance sidecar
21st October 2025
T&D Holdings, through its wholly owned subsidiary T&D United Capital Co., Ltd. (TDUC), has announced that it is investing in a new reinsurance sidecar vehicle facilitated by a limited partnership. TDUC has committed up to $250 million (approx. JPY 37.5billion, USD 1 = JPY150.00) to the limited partnership, Carlyle FCA Re, ... Read the full article
Fortitude Re enters funding agreement backed notes market
1st October 2025
Global reinsurance company Fortitude Re has announced that Fortitude Life Insurance & Annuity Company (FLIAC) has entered the funding agreement backed notes market with an inaugural $500 million issuance. The move is a strategic step to diversify the company’s capital sources and support its ongoing growth initiatives. The notes, which are a ... Read the full article
Fortitude Re closes $3.4bn long-term care reinsurance transaction with Unum
2nd July 2025
Fortitude Re has closed a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (FRL) and Unum Life Insurance Company of America (Unum), a subsidiary of Unum Group. Consistent with the agreement announced earlier this year, Unum will cede to FRL, effective as of January 1, 2025, $3.4 billion of ... Read the full article
Fortitude Re subsidiary prices $750m private offering of senior notes
27th March 2025
Fortitude Group Holdings, a wholly owned subsidiary of Fortitude Re, has announced the pricing of a private offering of $750 million aggregate principal amount of 6.25% senior unsecured notes due 2030. The company intends to use the net proceeds from this offering to reduce its outstanding term loan borrowings, cover associated ... Read the full article
Fortitude Re announces $4bn reinsurance agreement with Taiyo Life
21st March 2025
FGH Parent, together with its subsidiary, global reinsurance company Fortitude Re, has announced the signing and closing of a $4 billion reinsurance transaction between Fortitude International Reinsurance Company (FIRL) and Taiyo Life Insurance Company (Taiyo Life), a wholly owned subsidiary of T&D Holdings (T&D). Effective February 28, 2025, Taiyo Life has ... Read the full article
Fortitude Re and Unum Group sign $3.4bn reinsurance transaction
27th February 2025
Unum Group is set to cede $3.4 billion of individual long-term care (LTC) statutory reserves and approximately $120 million of multi-life individual disability insurance (IDI) in-force premium to Fortitude Reinsurance Company. The cession to Fortitude Re's subsidiary reportedly represents 19% of Unum’s total LTC block and 20% of its in-force IDI ... Read the full article
Moody’s assigns A3 Rating to Fortitude Re’s operating subsidiaries
11th December 2024
The three main operating subsidiaries of Bermuda-based Fortitude Reinsurance Company Ltd. (Fortitude Re) have been assigned A3 Insurance Financial Strength Ratings by Moody's, with a stable outlook. The rating actions concern Fortitude Reinsurance Co. Ltd., Fortitude International Reinsurance Co. Ltd., and Fortitude Life Insurance and Annuity Co. As well as these assignments, ... Read the full article
Fitch revises Fortitude Re’s outlook to positive amid continued growth
27th November 2024
Fitch Ratings has revised Fortitude Re's outlook to Positive from Stable, citing the firm's improving profile driven by growth and enhanced diversification across liabilities and geographies, alongside its strong balance sheet. The rating agency has also affirmed Fortitude Reinsurance Company (FRL) and Fortitude Life Insurance and Annuity Company's (FLIAC) Insurer Financial ... Read the full article
Greta Hager to succeed Kai Talarek as Fortitude Re CFO
16th July 2024
Global multi-line reinsurer Fortitude Re has appointed Greta Hager as its new Chief Financial Officer (CFO), with Kai Talarek transitioning to the newly created role of Chief Growth & Optimization Officer, effective August 17th, 2024. Both Hager and Talarek will be reporting to Alon Neches, Chief Executive Officer (CEO) of the ... Read the full article
Fortitude Re names Carla Albertze as SVP, Head of Internal Audit
22nd May 2024
Global multi-line reinsurer Fortitude Re has appointed Carla Albertze as Senior Vice President (SVP), Head of Internal Audit. In her new role, Albertze will lead the firm's Internal Audit Team to ensure the strength, effectiveness and efficiency of the company’s internal controls, risk management processes, and governance procedures. Richard Patching, Board of ... Read the full article
Fortitude Re appoints Jamie Schmerer as SVP, Enterprise Risk
5th April 2024
Fortitude Re has appointed Jamie Schmerer as SVP, Enterprise Risk, where he will lead the firm's regulatory relations efforts in Bermuda and oversee its enterprise risk management framework, including risk governance, risk appetite, and risk reporting. Schmerer is additionally tasked with running Fortitude Re's Operational Risk function to "ensure seamless integration ... Read the full article
Fortitude Re closes $28bn reinsurance agreement with Lincoln Financial
21st November 2023
Global multi-line reinsurer Fortitude Re has announced the closing of its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation. This is consistent with the agreement announced in early May this year. It was stated that Lincoln will reinsure a significant portion ... Read the full article
Lincoln gets regulatory approval for reinsurance transaction with Fortitude Re
2nd November 2023
Lincoln Financial Group, a subsidiary of Lincoln National Corporation and its affiliates, has received regulatory approval for its previously announced reinsurance transaction with global multi-line reinsurer, Fortitude Reinsurance Company Ltd. The transaction will be effective from October 1, 2023, and is expected to close later this month. According to the terms of ... Read the full article
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