Fortitude Reinsurance Company Ltd has announced that Moody’s Ratings 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, said the reinsurer, 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.

Fortitude Re said: “This announcement comes on the heels of Fitch Ratings raising Fortitude Re’s Outlook to Positive from Stable, reinforcing the Company’s financial strength and future growth potential. Fitch affirmed the BBB+ Insurer Financial Strength Ratings to Fortitude Reinsurance Co Ltd and Fortitude Life Insurance and Annuity Co, and the BBB Issuer Default Rating to FGH Parent, LP

“When explaining their decisions, both rating agencies noted Fortitude Re’s growth as a significant player in the global block and flow reinsurance markets, the Company’s expanding business diversification, solid capital position, and strong and expanding profitability.”

Alon Neches, CEO, Fortitude Re, said: “These positive ratings underscore our commitment to delivering a high-value and high-quality experience to our clients and the policyholders we serve,”

“We are pleased to see our performance recognised by these agencies and look forward to continuing our upward ratings trajectory.”