Fortitude Re closes deals with two Japanese life insurers

FGH Parent (Fortitude Re) has closed two reinsurance transactions with Japanese life insurance companies. Both block reinsurance deals, executed through one of Fortitude Re’s Bermuda-based subsidiaries, Fortitude International Reinsurance, are comprised of whole life insurance policies.

The cedants will continue to service and administer the reinsured policies.

Alon Neches, CEO of Fortitude Re commented: “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.”

The Fortitude Re Group manages approximately $72 billion in general and separate account insurance reserves and administers over 4.5 million insurance policies.