Fortitude Re announced the opening of its Tokyo office and the appointment of Hajime Kawafuji as its chief representative.
Kawafuji joins Fortitude Re from global investment firm Carlyle, where he was a senior member of the Japan buyout advisory team. Prior to Carlyle, Kawafuji spent more than a decade at Nomura in its investment banking division.
The company said Kawafuji will partner with Leonard Lin, head of Asia at Fortitude Re, to serve clients around the world.
The Fortitude Re Group manages approximately $72 billion in general and separate account insurance reserves and administers more than 4.5 million insurance policies. Fortitude Re specializes in helping insurers execute plans for legacy lines. Its investors include Carlyle and T&D Insurance Group.
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