An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Fortitude Re Announces Closing of $28 Billion Reinsurance Agreement with Lincoln Financial
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Fortitude Reinsurance Company Ltd. (Fortitude Re) has closed a $28 billion reinsurance agreement with Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation (NYSE:LNC). Lincoln will reinsure a significant portion of its universal life insurance and fixed annuity business to Fortitude Re, with Debevoise & Plimpton LLP serving as legal counsel.
Positive
None.
Negative
None.
HAMILTON, Bermuda--(BUSINESS WIRE)--
Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced the closing of its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation (NYSE:LNC) and its affiliates (“Lincoln”).
Consistent with the agreement announced May 2, 2023, Lincoln will reinsure a significant portion of its universal life insurance and fixed annuity business to Fortitude Re. To ensure a consistent experience for customers, Lincoln will continue to service and administer the reinsured policies.
Debevoise & Plimpton LLP served as legal counsel to Fortitude Re.
About Fortitude Re
The Fortitude Re Group manages approximately $71 billion in general and separate account insurance reserves and administers over 4.2 million insurance policies. The foundations of our business model are our exceptional insurance professionals and the support of the world’s most sophisticated insurance investors, including Carlyle and T&D Insurance Group. Our people, our capital strength and our capabilities drive strategic reinsurance solutions designed to meet our clients’ highest priority goals and to create sustainable, long-term value for our shareholders, our teammates, and the communities in which we operate. For more information visit, www.fortitude-re.com and follow Fortitude Re on LinkedIn.
What is the reinsurance agreement between Fortitude Re and Lincoln National Life Insurance Company?
Fortitude Reinsurance Company Ltd. (Fortitude Re) has closed a $28 billion reinsurance agreement with Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation (NYSE:LNC).
What type of business will Lincoln National Life Insurance Company reinsure to Fortitude Re?
Lincoln National Life Insurance Company will reinsure a significant portion of its universal life insurance and fixed annuity business to Fortitude Re.
Who served as legal counsel to Fortitude Re in the reinsurance agreement with Lincoln National Life Insurance Company?
Debevoise & Plimpton LLP served as legal counsel to Fortitude Re in the reinsurance agreement with Lincoln National Life Insurance Company.
What is the ticker symbol of Lincoln National Corporation?
The ticker symbol of Lincoln National Corporation is LNC.
lnc marine specialising in the sale, purchase, service, supply and consulting, offering the very best solution to your needs. built upon the foundations of experience and vast network of good relationships, lnc has all the resources required to assist with anyproject or enquiry. the lnc company was formed in 1990 built upon the foundations of experience and a vast network of good relationships, lnc has the resources required to assist with any project or enquiry and to pass on the best possible prices on all purchases. whether you are an owner, captain or industry professional, lnc has a tailor-made solution for you. our support does not stop on delivery; lnc offers full service and repair facilities in slovenia, croatia, italy and globally through our partner network, plus warranty support, spare parts procurement and supply of safety equipment – all with global delivery. our brands zodiac milpro ''for those who work on the water'' we are proud to represent the zodiac milpro “the glob
