Articles from Fortitude Re

FGH Parent, L.P. (“Fortitude Re”), today announced that it has received Great Place to Work Certification™ by Great Place To Work®, the global authority on workplace culture and employee experience. This is the company’s second year to receive this prestigious recognition.

FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), a leading global reinsurance company, today announced that Fortitude Group Holdings, LLC (the “Issuer”), a wholly owned subsidiary of FGH Parent, L.P., has priced a private offering (the “Offering”) of $750 million aggregate principal amount of 6.25% senior unsecured notes due 2030 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by FGH Parent, L.P. The sale of the Notes is expected to be completed on or about March 31, 2025, subject to the satisfaction of customary closing conditions.

FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), a leading global reinsurance company, today announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary, Fortitude International Reinsurance Company Ltd. (“FIRL”) and Taiyo Life Insurance Company (“Taiyo Life”), a wholly owned subsidiary of T&D Holdings, Inc (“T&D”).

Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced a $200,000 donation to Cumberland River Compact in Nashville to support water-focused environmental education for youth ranging from kindergarten to high school.

Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced a $250,000 donation to the Educational Arts Team. Founded in 1974, the nonprofit has been a cornerstone in the Jersey City community, offering innovative arts programs that integrate drama, visual arts, and music into the educational experience for K-12 students. Programming is designed to enhance students’ academic performance, social-emotional development and overall well-being.

FGH Parent, L.P. (“Fortitude Re”), today announced the appointment of Greta Hager as Chief Financial Officer and Kai Talarek as Chief Growth & Optimization Officer, effective August 17. Both Greta and Kai will report to CEO Alon Neches.

Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today reaffirmed its commitment to education and literacy by announcing a $250,000 donation to Bermuda Education Network (BEN). Founded in 2011, BEN leverages the power of community to enhance student literacy, while also creating opportunities for teachers to develop their leadership skills, expand their repertoire for curriculum enhancement and their confidence as problem solvers in their school.

FGH Parent, L.P. (“Fortitude Re”), today announced that it has received Great Place to Work Certification™ by Great Place To Work®, the global authority on workplace culture and employee experience.

FGH Parent, L.P. (“Fortitude Re”), today announced the appointment of Carla Albertze as SVP, Head of Internal Audit. As Head of Internal Audit, Carla will be responsible for leading Fortitude Re’s Internal Audit Team to ensure the strength, effectiveness and efficiency of the company’s internal controls, risk management processes, and governance procedures.

Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced a $100,000 donation to 100 Black Men of Middle Tennessee, Inc., a nonprofit organization that provides resources to further academic and social development of Black male students.

FGH Parent, L.P. (“Fortitude Re”), today announced the appointment of Ming Zhang as Chief Risk Officer and Andrew Sooboodoo as Chief Regulatory Officer, effective immediately. Ming will join Fortitude Re’s Executive Committee and report to Chief Executive Officer Alon Neches. He will lead the company’s corporate risk management strategy, continuing to advance, strengthen and sustain its strong risk culture. Andrew Sooboodoo is transitioning from his prior role as Chief Risk Officer into the newly created role of Chief Regulatory Officer to ensure that Fortitude Re continues to maintain a market leading presence with its global regulatory constituents as the business continues to grow and mature.

FGH Parent, L.P. (“Fortitude Re”), today announced the opening of its Tokyo Representative Office and appointment of Hajime Kawafuji as its Chief Representative. Mr. Kawafuji is a leader in the Japanese business community, with a broad range of investing and advisory experience across several industries. He joins Fortitude Re from global investment firm Carlyle (NASDAQ: CG), where he was a senior member of the Japan buyout advisory team. Prior to Carlyle, Mr. Kawafuji spent more than a decade at Nomura in its Investment Banking division.

FGH Parent, L.P (“Fortitude Re”), has announced the closing of two reinsurance transactions with leading Japanese life insurance companies. Both block reinsurance deals, executed through one of Fortitude Re’s Bermuda-based subsidiaries, Fortitude International Reinsurance Limited, are comprised of whole life insurance policies.

Global multi-line reinsurer FGH Parent, L.P. (“Fortitude Re”), today announced that Denise Nichols has joined the company as Chief Human Resources Officer, effective November 1, 2022.

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.

FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), today announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary Fortitude Reinsurance Company Ltd., Bermuda’s largest multiline reinsurer, and Taiyo Life Insurance Company (“Taiyo Life”), a wholly owned subsidiary of T&D Holdings, Inc (“T&D”). This transaction marks Fortitude Re’s inaugural reinsurance transaction covering business in Asia.

Fortitude Re announced today the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition, Fortitude Re’s subsidiary, Fortitude Reinsurance Company Ltd. (“FRL”), Bermuda’s largest multi-line reinsurer, obtained approval to operate as a Reciprocal Jurisdiction Reinsurer, the first such approval to be granted by the Texas Department of Insurance (“TDI”). As a result, Fortitude Re can now offer the flexibility to transact through multiple entities and structures to help its clients achieve their objectives.