Fortitude Casualty Insurance Company: A Comprehensive Guide
Fortitude Casualty Insurance Company is a licensed property and casualty insurance company that offers a range of comprehensive insurance solutions for individuals and businesses.
With a proven track record in managing diverse risks, they provide their customers with the assurance and coverage needed in uncertain times.
In this article, we will explore the various aspects of Fortitude Casualty Insurance Company, including their vacancies, salary, phone number, reviews, careers, headquarters, and their relationship with AIG and Fortitude Re.
Fortitude casualty insurance company vacancies
If you are looking for a career opportunity in the insurance industry, you might want to check out Fortitude casualty insurance company vacancies.
According to their website, they are always looking for talented and motivated individuals who share their values and vision.
They offer a variety of roles in different functions, such as actuarial, finance, legal, operations, risk management, and more.
You can browse their open positions and apply online through their career portal.
Fortitude casualty insurance company salary
One of the factors that might influence your decision to work for Fortitude Casualty Insurance Company is their salary.
According to Glassdoor, Fortitude Reinsurance, the parent company of Fortitude Casualty Insurance Company, pays its employees an average of $103,000 per year.
The salary range varies depending on the job title, location, experience, and skills.
For example, an actuarial associate earns an average of $92,000 per year, while a vice president earns an average of $180,000 per year.
Fortitude Casualty Insurance Company phone number
If you need to contact Fortitude Casualty Insurance Company for any reason, you can use their phone number to reach them.
According to the Missouri Department of Insurance, their phone number is 651-981-8801.
You can also use their email address info.fpcs@fortitude–pcs.com to send them your inquiries or feedback.
Fortitude Casualty Insurance Company reviews
Before you decide to buy an insurance policy from Fortitude Casualty Insurance Company, you might want to read some reviews from their customers and experts.
According to insuranceproviders.com, Fortitude Casualty Insurance company has a positive reputation for:
- providing comprehensive coverage options
- a transparent and efficient claims process
- personalized service with expert guidance
They also have an A+ rating from A.M. Best, indicating their financial strength and stability.
However, some of the drawbacks of Fortitude Casualty Insurance Company are:
- their limited coverage for rare or specialized situations
- their availability in certain regions
- their lack of online tools for policy management
Fortitude Casualty Insurance Company careers
If you are interested in working for Fortitude Casualty Insurance Company, you might want to know more about their careers and culture.
According to their website, they offer a dynamic and collaborative work environment where employees can grow and thrive.
They also provide competitive compensation and benefits packages, as well as opportunities for learning and development.
Some of the values that they uphold are:
- integrity
- excellence
- innovation
- teamwork
- customer focus
Fortitude Re headquarters
Fortitude Re is the parent company of Fortitude Casualty Insurance Company and other subsidiaries that operate as Fortitude Re.
It is Bermuda’s largest multi-line composite reinsurer that provides bespoke solutions for legacy life and annuity and property and casualty lines.
According to ZoomInfo.com, Fortitude Re’s headquarters are located at 10 Exchange Place Suite 2210 Jersey City NJ 07302 United States.
You can also contact them by phone at (201) 630-2800 or by email at info@fortitude-re.com.
Fortitude Re AIG
Fortitude Re was spun off from American International Group (AIG) in 2020 as part of AIG’s strategy to simplify its business and focus on its core operations.
AIG sold a majority stake (76.6%) in Fortitude Re to The Carlyle Group and T&D Holdings for $1.8 billion.
AIG retained a minority stake (3.5%) in Fortitude Re and continues to have a strategic partnership with them.
Fortitude Re reinsures some of the legacy life and annuity and property and casualty policies that AIG issued in the past.
Fortitude Re revenue
The Fortitude Re is a profitable and growing company that generates revenue from its reinsurance premiums and investment income.
According to its website, Fortitude Re reported a net income of $1 billion for the full year 2021, compared to $0.8 billion in 2020.
Its total revenue was $4 billion in 2021, compared to $3 billion in 2020.
Its invested assets were $45 billion as of June 30, 2021.
FAQs
What does the company Fortitude do?
Fortitude is a global provider of innovative solutions for legacy life and annuity and property/casualty insurance liabilities.
It works with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for their runoff businesses.
Fortitude has expertise in risk management, asset/liability management, reinsurance, and capital markets.
Who is the CEO of Fortitude?
The CEO of Fortitude is Alon Neches, who was appointed by the Board of Directors in September 2022.
Mr. Neches is an insurance industry veteran with over 20 years of experience as an operator, investor and advisor in regulated industries.
He has deep knowledge of Fortitude’s business, having held various senior executive roles at AIG, including Global Treasurer and Head of Corporate Development, where he was involved in the creation of Fortitude Re.
Mr. Neches joined from Carlyle, where he was a Partner and Managing Director in Carlyle Insurance Solutions.
Where is Fortitude Reinsurance headquarters?
Fortitude Reinsurance Company Ltd (Fortitude Re) is domiciled in Bermuda and has its headquarters at 96 Pitts Bay Road, 3rd Floor, Pembroke.
Fortitude Re also has offices in:
- Jersey City, New Jersey;
- London UK
- Dublin, Ireland
- Tokyo, Japan.
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