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Fortitude Re's operating subsidiaries achieve Moody's A3 rating


Published on 2024-12-11 23:21:46 - The Royal Gazette
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  • Fortitude Reinsurance Company Ltd has announced that Moody's Ratings has assigned A3 Insurance Financial Strength Ratings to Fortitude Re's three main operating companies: Fortitude Reinsurance Co

The article from The Royal Gazette discusses how Fortitude Re's operating subsidiaries, Fortitude Reinsurance Company Ltd. and Fortitude Life Insurance & Annuity Company, have been upgraded to an A3 insurance financial strength rating by Moody's Investors Service. This rating reflects the companies' strong capitalization, robust liquidity, and effective risk management practices. The upgrade also acknowledges the strategic importance of these subsidiaries within the Fortitude Re group, which has been actively managing its portfolio to enhance its financial stability and growth prospects. The rating improvement is seen as a positive development for Fortitude Re, enhancing its market position and credibility in the reinsurance sector.

Read the Full The Royal Gazette Article at:
[ https://www.royalgazette.com/reinsurance/business/article/20241211/fortitude-res-operating-subsidiaries-achieve-moodys-a3-rating/ ]