Fortitude Re Announces $4 Billion Annuity Reinsurance Agreement with Taiyo Life Insurance Company

Fortitude Re announced signing and closing of a $4 billion annuity reinsurance transaction with Taiyo Life on 21 March 2025, effective 28 February 2025. Taiyo continues servicing the policies. The reported amount concerns reinsured business, not Carlyle acquisition consideration or firm-total AUM.