Fortitude Re Finalizes $4B Reinsurance Deal with Taiyo Life Insurance

Fortitude Re has successfully concluded a $4 billion reinsurance agreement with Taiyo Life Insurance Company, a subsidiary of T&D Holdings based in Japan. The deal, which took effect on February 28, involves the transfer of a substantial portion of Taiyo Life’s whole life annuity business to Fortitude International Reinsurance Company Ltd. (FIRL), a subsidiary of Fortitude Re.

Under the terms of the agreement, Taiyo Life will retain responsibility for servicing and administering the reinsured policies.

This deal marks Fortitude Re’s second reinsurance agreement with Taiyo Life and its sixth transaction in Japan.

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