Fortitude Re’s $212mn net loss for 2021 driven by higher interest rates
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Fortitude Re’s $212mn net loss for 2021 driven by higher interest rates

Jairo Ibarra
March 07, 2022
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Fortitude Re, the independent legacy business backed by The Carlyle Group and T&D Insurance Group, has posted a $212mn net loss for 2021 after its investments were hit by higher US interest rates.

In its full-year earnings, the legacy acquirer said rising interest rates had decreased the fair value of its investment portfolio by $1.2bn.

Overall,

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Jairo Ibarra
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