FORTITUDERE

Fortitude Re is a Bermuda-domiciled multi-line reinsurance carrier specializing in transactional solutions for legacy Life & Annuity and Property & Casualty portfolios. The company was established in 2018 by AIG to reinsure its legacy insurance liabilities in a separate, well-capitalized Bermuda structure. In late 2019, The Carlyle Group and T&D Insurance Group acquired a controlling interest from AIG, making Fortitude Re a fully independent reinsurer.

The company provides capital optimization and risk transfer solutions to major global insurance companies seeking to manage, reduce, or exit in-force legacy blocks of business. Fortitude Re has reinsured more than USD 100 billion in liabilities since inception, making it one of the largest transactional reinsurers in the legacy market. It operates across six continents through subsidiaries including Fortitude Life Insurance & Annuity Company (FLIAC), which administers policies for over 4 million individual policyholders.

Fitch Ratings upgraded Fortitude Re's Insurer Financial Strength rating to A- in 2025, reflecting the company's strengthened capital position and expanding platform. Moody's assigned A3 Insurance Financial Strength Ratings with stable outlook to three of its main operating subsidiaries.