Fitch upgrades Fortitude Re’s ratings on improved company profile

Fitch Ratings has upgraded Fortitude Re’s ratings, citing an improved company profile that has strengthened in recent years through a series of strategic transactions, including reinsurance deals that have expanded the company’s scale and diversified its risk exposure.Notably, Fitch has upgraded Fortitude Reinsurance Company Ltd. (FRL) and Fortitude Life Insurance & Annuity Company’s (FLIAC) Insurer Financial Strength (IFS) ratings to ‘A- from ‘BBB+’.The rating agency has also upgraded the Issuer Default Ra ...