Fortitude Re finalises acquisition of AIG’s legacy insurance business
Fortitude Group Holdings, LLC, the parent of Bermuda-based reinsurer Fortitude Re, has now completed its takeover of AIG’s legacy insurance businesses following the acquisition of Fortitude Life & Annuity Solutions, Inc. (FLAS) and Fortitude P&C Solutions, Inc. (FPCS).
It was announced in late November 2019 that the Carlyle Group and T&D Holdings had partnered to acquire a 76.6% ownership interest in Fortitude Re.
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