Fortitude Re and Carlyle launch reinsurance sidecar

FGH Parent (FGP), along with subsidiary Fortitude Re and investment firm Carlyle, have introduced a new reinsurance sidecar, Fortitude Carlyle Asia Reinsurance (FCA Re). A Class E-licensed Bermuda-domiciled reinsurer, FCA Re is expected to facilitate the penetration and development of Fortitude Re's operations in the life and annuity insurance market across Asia. Initially, FCA Re will assume a portion of Fortitude Re's current liabilities and will additionally provide reinsurance for a portion of Fortit ...