Fortitude Re closes block reinsurance deals
Bermudian-based Fortitude Re has closed two reinsurance transactions with leading Japanese life insurance companies.
Both block reinsurance deals, executed through one of Fortitude Re’s Bermudian-based subsidiaries -- Fortitude International Reinsurance Limited -- are comprised of whole life insurance policies.
The cedants will continue to service and administer the reinsured policies.
Alon Neches, CEO of Fortitude Re, said: “Fortitude Re exists to serve our clients and their policyholders, and our bespoke approach translates well outside of the United States.
“We are pleased to announce two significant reinsurance transactions with our partners in Japan, which will continue to propel our international strategy to deliver thoughtful and tailored reinsurance solutions on a global scale.”
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