Fortitude Re Enhances Reinsurance Capabilities

Key Facts

• HAMILTON, Bermuda & JERSEY CITY, N.J.--()--Fortitude Re announced today the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer.
• Fortitude Re U.S., which will serve as a U.S. reinsurance platform for Fortitude Re, is an Arizona domiciled life and annuity insurer widely licensed in the U.S.
• FRL is among the first reinsurers to obtain such status in the U.S. “The transactions and regulatory approval represent an important step in the evolution and expansion of the capabilities Fortitude Re is able to offer to clients to solve their most complex challenges.
• Sidley Austin LLP served as legal advisor and Merger & Acquisition Services, Inc. served as a financial advisor to Fortitude Re in connection with the acquisition of Fortitude Re U.S.

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