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Fortitude Reinsurance Company, Ltd.

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Year established

2018

Location

Pembroke Bermuda

Primary Industry

Insurance

About

Based in the UK, Fortitude Reinsurance Company, Ltd. (formerly Fortitude Group Holdings, LLC) operates as a company that specializes in providing solutions for legacy life and property and casualty (P&C) lines to insurance companies worldwide. In November 2019, The Carlyle Group and T&D Holdings agreed to acquire a 76.6% majority stake in Fortitude Group Holdings LLC from AIG for USD 1.8 billion. AIG will receive approximately an additional USD 500 million non-pro-rata distribution from Fortitude in May 2020. As of January 2024, the company is led by Alon Neches (CEO).  Fortitude Re offers a range of services in the insurance industry, including risk solutions for various sectors such as agriculture, aviation, cyber risk, engineering, financial risks, marine, property and casualty, terrorism, life, and health insurance. They specialize in providing bespoke solutions for legacy life and annuity and property and casualty lines, helping insurance companies worldwide solve complex risk transfer challenges. Additionally, Fortitude Re provides policy administration services, including administering life and annuity insurance policies.
Current Investors
Carlyle Group, T&D Holdings

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Primary Industry
Insurance
Sub Industries
Claims Administration & Processing, Reinsurance
Website
https://fortitude-re.com/
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only

Deals

Deals Type
Buyout
Buyout
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed Fortitude Reinsurance Company, Ltd. 25 Nov 2019
Completed Fortitude Reinsurance Company, Ltd. 01 Aug 2018
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