Latest Fortitude Re News & Updates

See the latest news and media coverage for Fortitude Re. We track all announcements, press releases, and industry mentions in real time, all in one place.

Fortitude Re

Life, annuity, and property and casualty reinsurance provider

fortitude-re.com

Headquarters: Pembroke, Bermuda
Founded year: 2017
Company type: Private company
Number of employees: 600–1,000
Industry: Reinsurance

Last updated November 4

Latest news about Fortitude Re

In short: Fortitude Re closed a $3.8 billion Unum deal and acquired substantially all of Dayforward’s assets

Company announcements

November 4 Fortitude Re

Fortitude Re closes $3.8 billion reinsurance deal with Unum

The agreement covers about 50,000 long-term care policies, adding $3.8 billion in statutory reserves; Fortitude retrocedes all insurance risk to a partner.

September 28 Fortitude Re

Fortitude Re acquires Dayforward to broaden insurance capabilities

The deal covers Dayforward's policy-lifecycle technology platform, distribution agreements, IP, licensed agency and employees, but excludes its insurance entities and legacy liabilities.

July 6 Fortitude Re

Fortitude Re signs $3.8 billion reinsurance agreement with Unum Group

Its subsidiary FRL assumes an individual long-term care block from Unum and will retrocede 100% of the LTC risks to a highly rated global reinsurer.

December 23, 2025 Fortitude Re

Fortitude Re posts $896 million 2024 net loss

That compares with $906 million net income in 2023, and the audited statements were restated to correct cash-flow misclassifications.

Media coverage

September 28 AOL

Fortitude Re Acquires Dayforward to Broaden Capabilities

FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”) today announced its acquisition of substantially all of the assets of Dayforward Inc. (“Dayforward”), a digitally...

November 21, 2023 Nasdaq

Fortitude Re Announces $28 Billion Life & Annuity Reinsurance Agreement with Lincoln Financial Group

HAMILTON, Bermuda--(BUSINESS WIRE)-- Fortitude Reinsurance Company Ltd., ("Fortitude Re") today announced the signing of a $28 billion reinsurance agreement with The Lincoln National Life Insurance...

November 4, 2021 InsuranceNewsNet

Prudential Completes Sale Of $31B Block Of Variable Annuities To Fortitude Re

Prudential Financial, Inc. and Fortitude Group Holdings, LLC, the parent company of Bermuda's largest multi-line reinsurer ("Fortitude Re"), today announced the completed sale to Fortitude...

November 4, 2021 The Globe and Mail

Prudential Financial Completes Sale to Fortitude Re of $31B Block of Traditional Variable Annuities

Prudential Financial, Inc. ("Prudential") (NYSE: PRU) and Fortitude Group Holdings, LLC, the parent company of Bermuda's largest multi-line reinsurer ("Fortitude Re"), today announced the completed...

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