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Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer

January 7, 2022


Fortitude Re announced 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 Co. 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.

As a result, Bermuda-based Fortitude Re said it now has the flexibility to transact through multiple entities and structures to help its clients achieve their objectives.

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