About Fortitude Re
Fortitude Re is a company based in Bermuda founded in 2016 was acquired by The Carlyle Group in November 2019.. Fortitude Re offers products and services including Client Solutions, Core Competencies, and Financial Strength. Fortitude Re operates in a competitive market with competitors including Monument Re, Hiscox, Martello Re, Oceanview Reinsurance and Athene Life Re, among others.
- Headquarter Bermuda
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Fortitude Reinsurance Company Ltd.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
The Carlyle Group
& 2 more
-
Employee Count
Employee Count
-
Acquired by
The Carlyle Group
(Nov 25, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Fortitude Re
Fortitude Re offers a comprehensive portfolio of products and services, including Client Solutions, Core Competencies, and Financial Strength. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Customized solutions for capital and risk management
Expertise in handling complex financial risks
Backing for life and property insurance policies
Unlock access to complete
Unlock access to complete
Leadership Team
63 people
Software Development Team
31 people
Finance and Accounting
26 people
Legal and Compliance
9 people
Operations Team
7 people
Senior Team
7 people
Head Team
4 people
Product Management Team
4 people
Unlock access to complete
Funding Insights of Fortitude Re
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Seed - Fortitude Re | Valuation | AIG , The Carlyle Group |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fortitude Re
Fortitude Re has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include The Carlyle Group, AIG and T&D Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity investments are directed toward multiple sectors.
|
Founded Year | Domain | Location | |
|
AIG is recognized as a leading global insurance organization.
|
Founded Year | Domain | Location | |
|
Provider of life insurance and general insurance services
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Fortitude Re
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Fortitude Re
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fortitude Re Comparisons
Competitors of Fortitude Re
Fortitude Re operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Monument Re, Hiscox, Martello Re, Oceanview Reinsurance and Athene Life Re, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers reinsurance, portfolio transfers, and acquisitions for European life insurers.
|
|
| domain | founded_year | HQ Location |
Diversified insurance services are provided globally by Hiscox.
|
|
| domain | founded_year | HQ Location |
Offers customized reinsurance and investment management for insurers worldwide.
|
|
| domain | founded_year | HQ Location |
Specializes in reinsurance solutions for fixed annuities and life insurance liabilities from the U.S.
|
|
| domain | founded_year | HQ Location |
Provides fixed annuity reinsurance to life and annuity insurance companies worldwide.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Fortitude Re
Frequently Asked Questions about Fortitude Re
When was Fortitude Re founded?
Fortitude Re was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Fortitude Re located?
Fortitude Re is headquartered in Bermuda.
Who is the current CEO of Fortitude Re?
Alon Neches is the current CEO of Fortitude Re.
What does Fortitude Re do?
Fortitude Re was established in 2016 and is based in Bermuda. Reinsurance is offered within the financial services sector, focusing on risk management and transfer for primary insurers. Operations are conducted from Bermuda, supporting global clients through structured solutions. Leadership includes Alon Neches as CEO and President, alongside James Bracken as CEO.
Who are the top competitors of Fortitude Re?
Fortitude Re's top competitors include Hiscox, Monument Re and Martello Re.
What products or services does Fortitude Re offer?
Fortitude Re offers Client Solutions, Core Competencies, and Financial Strength.
Who are Fortitude Re's investors?
Fortitude Re has 3 investors. Key investors include The Carlyle Group, AIG, and T&D Holdings.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.