Fortitude Re News

Carlyle, T&D Holdings Complete Acquisition of 76% Interest in Fortitude Group From AIG

Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from insurer American International Group. The transaction, which was first announced in …

AIG to Sell Most of Fortitude Re to Carlyle, T&D Holdings for $1.8 Billion

American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese insurer T&D Holdings for $1.8 billion. Plans call for a newly created Carlyle-managed fund and T&D Holdings to acquire from …

Brexit Creates Opportunities for Specialist Legacy Acquisition Insurers

Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union without a deal or under a so-called hard Brexit, British …

AIG, Carlyle Complete Deal Creating Run-Off Reinsurer, Fortitude Re

The Carlyle Group has completed its acquisition of a 19.9 percent stake in Fortitude Group Holdings, a reinsurer operating as Fortitude Re, formerly known as DSA Re. The AIG-Carlyle transaction, first announced in August, is part of a plan to …