Fortitude Re furthers Japan franchise through flow reinsurance transaction

Alon Neches, Chief Executive Officer at Fortitude Re

FGH Parent, L.P (Fortitude Re), parent firm of Bermuda’s multi-line reinsurer, announced the signing of a flow reinsurance transaction with a Japanese life insurance company. Fortitude Re executed this transaction through its subsidiary, Fortitude International Reinsurance Limited.

What does the transaction mean for Fortitude Re?

“We are very pleased to continue supporting marquee clients in the Japanese insurance industry by providing strategic reinsurance capacity that helps our partners achieve their risk, capital and growth aspirations,” said Alon Neches, Chief Executive Officer of Fortitude Re.

“We see meaningful growth opportunities in the region and are committed to delivering thoughtful solutions tailored to our clients, their products and their markets,” Alon said.

Sidley Austin LLP and Mori Hamada & Matsumoto served as legal counsel to Fortitude Re.