Fortitude Re closes $28bn reinsurance deal
Updated: Nov 21, 2023 09:48 PM
Alon Neches, chief executive officer, Fortitude Re (File photograph)
Bermudian-based Fortitude Reinsurance Company Ltd has closed its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation and its affiliates.
Consistent with the agreement announced in May, Lincoln will reinsure a significant portion of its universal life insurance and fixed annuity business to Fortitude Re.
To ensure a consistent experience for customers, Fortitude Re said Lincoln would continue to service and administer the reinsured policies.
Comments
Published November 21, 2023 at 4:57 pm (Updated November 21, 2023 at 9:48 pm)
What you
Need to
Know
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon
