Fortitude Re’s $212mn net loss for 2021 driven by higher interest rates
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

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

Jairo Ibarra
March 07, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Fortitude Re logo Bermuda waterfront.jpg

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,

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsBermudaTreaty ReinsuranceEarnings
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article