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10 entries
| Date | Description |
|---|
| 2017 |
Formation of Fortitude Re. AIG forms a Bermuda domiciled composite reinsurer to reinsure its legacy insurance portfolio in a separate and distinct well capitalized balance sheet. Dedicated and highly experienced management team appointed. |
| 2018 |
Fortitude Re enters into a series of Life & Annuity and P&C reinsurance transactions with AIG and receives an initial capitalization of ~$3B. The transactions represent ~$37 BN of reserves supported by ~$40 BN of invested assets. |
| 2019 |
Carlyle acquires 19.9% ownership interest in Fortitude Re. Provides Fortitude Re with unique access to Carlyle's investment capabilities. |
| 2020 |
Fortitude Re is an independent company backed by a consortium of investors led by The Carlyle Group and T&D Insurance Group. |
| 2021 |
Fortitude Re acquires variable annuity business from Prudential, demonstrating its expertise in delivering comprehensive and value enhancing solutions for clients. |
| 2022 |
$2.1 billion capital raise from existing investors, Carlyle and T&D, significantly strengthens Fortitude Re's ability to pursue further growth and provide innovative solutions to the global insurance industry. |
| 2022-11 |
Signed and closed a $1bn fixed annuity reinsurance transaction with a Fortune 500 U.S. insurance company. |
| 2023-04 |
Fortitude Re continues International expansion through two reinsurance transactions in Japan. |
| 2023-05 |
Established Tokyo Representative Office. |
| 2023-11 |
Closed a $28bn Life & Annuity Reinsurance Agreement with Lincoln Financial Group. |
2026-09-21 18:05 (Model: ggml-org/gpt-oss-20b )
