AllianceBernstein Makes Equity Investment in Fortitude Carlyle Asia Reinsurance
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AllianceBernstein Holding LP has made an equity investment in Fortitude Carlyle Asia Reinsurance, Ltd., focusing on the Asian insurance market. As a lead investor, AB will manage private alternative assets for FCA Re and appoint a board member. FCA Re, licensed in Bermuda, will take on existing liabilities from Fortitude Re and engage in future Asian reinsurance transactions, aligning with AB’s strategy to enhance its insurance asset management capabilities in Asia.
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