Fortitude Re To Build Japan Franchise
FGH Parent announced the signing of a flow reinsurance transaction with a leading Japanese life insurance company.
A spokesperson said, “FGH Parent, L.P [Fortitude Re], parent company of Bermuda’s largest multi-line reinsurer, today 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.”
“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,” commented Alon Neches, Chief Executive Officer of Fortitude Re. “We see meaningful growth opportunities in the region and are committed to delivering thoughtful solutions tailored to our clients, their products and their markets.”
A spokesperson said, “Sidley Austin LLP and Mori Hamada & Matsumoto served as legal counsel to Fortitude Re.”
