AIG and Carlyle Group create rebranded reinsurer Fortitude Re
American International Group | November 15, 2018
American International Group and The Carlyle Group have announced that Carlyle has completed its acquisition of a 19.9% stake in Fortitude Group Holdings, whose companies operate as Fortitude Re. The acquisition was announced in August and completed after receiving the necessary regulatory approvals. Fortitude Re was formerly known as DSA Re. The new name represents the company’s focus on and expertise in managing long-dated, complex risks. Fortitude Re also launched a website, Fortitude-re.com, which provides more information about the organization and its leadership.