Fortitude Re will build a franchise in Japan

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FGH Parent announces the signing of a flow reinsurance transaction with a leading Japanese life insurance company.

A spokesperson said: “FGH Parent, LP [Fortitude Re], the parent company of Bermuda’s largest multi-line reinsurer, today announced that it has entered into 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.

“We are very pleased to continue to support renowned clients in the Japanese insurance industry by providing strategic reinsurance capability that helps our partners achieve their risk, capital and growth aspirations,” commented Alon Neches, Managing Director of Fortitude Re. “We see significant growth opportunities in the region and are committed to providing thoughtful solutions tailored to our customers, their products and their markets.”

A spokesperson said: “Sidley Austin LLP and Mori Hamada & Matsumoto served as legal advisors to Fortitude Re.”


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