AllianceBernstein (AB) plans to expand its insurance presence across Asia through an equity investment in Fortitude Carlyle Asia Reinsurance, a reinsurance entity created by Fortitude Re. AB has been named as one of the lead investors in FCA Re, a reinsurance sidecar vehicle focused on Asian liabilities. As part of this transaction, AB intends to manage private alternative assets for FCA Re and will also appoint a member to the FCA Re Board of Directors. FCA Re, a Class E licensed Bermuda-domiciled reinsurer, will initially assume a share of existing liabilities from Fortitude Re and will also reinsure a share of future transactions in Asia.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AB:
- AllianceBernstein price target lowered to $40 from $42 at Barclays
- AB Earnings this Week: How Will it Perform?
- Wall Street Hunts for Consumer Clarity as Data Gets Delayed. Here’s What Banks Are Seeing.
- AllianceBernstein Reports Q3 2025 Assets Under Management
- AllianceBernstein reports preliminary AUM $860B as of September 30