Fortitude Reinsurance Company Ltd. (RJ) (Tennessee): Overview, Contacts, Services, Financials, Claims, Reviews, Benefits

Fortitude Reinsurance Company Ltd. (RJ) leads in providing reinsurance solutions to clients.

The company holds a robust financial position, offers a diverse range of products, and is committed to excellent customer service.

Fortitude Re is positioned for ongoing growth and success in the years ahead.

Fortitude Reinsurance Company Ltd. (RJ) (Tennessee)
Fortitude Re relies on a strong network of distribution partners and brokers, enabling widespread reach for a diverse clientele. [Photo: Business Wire]

Fortitude Reinsurance Company Ltd. (RJ) (Tennessee)

Founded in 2001, Fortitude Re operates as a reinsurance company based in Tennessee, offering diverse reinsurance products to its clients.

Headquartered in Nashville, Tennessee, the company holds a robust presence both in the United States and internationally.

Fortitude Re relies on a strong network of distribution partners and brokers, enabling widespread reach for a diverse clientele.

The company is dedicated to delivering excellent customer service. Fortitude Re takes the lead in providing reinsurance solutions to its clients.

With a solid financial position, a diverse product range, and a commitment to excellent customer service, the company stands out in the industry.

Contact Details

Address Phone Number
340 Seven Springs Way, Brentwood, TN, 37027 (615) 749-1895

Fortitude Reinsurance Company Ltd. (RJ) (Tennessee): Services and Products

Fortitude Reinsurance Company Ltd. (RJ) caters to its clients’ needs through a diverse range of reinsurance products and services, broadly categorized as follows:

1. Property and Casualty Reinsurance:

  • Proportional Reinsurance: Fortitude Re shares a fixed proportion of the ceding company’s losses and premiums to spread risk.
  • Excess of Loss Reinsurance: Fortitude Re pays losses exceeding a specified threshold, known as the attachment point, to protect against significant losses.
  • Catastrophe Reinsurance: Protects against losses from large-scale events like hurricanes, earthquakes, and floods.

2. Life and Health Reinsurance:

3. Specialty Reinsurance:

  • Surety Reinsurance: Protects surety companies from losses due to the failure of their principals to fulfill obligations.
  • Credit Reinsurance: Shields banks and financial institutions from losses resulting from borrower defaults.
  • Marine Reinsurance: Safeguards shipowners and maritime businesses from losses due to maritime perils such as storms, collisions, and fires.

Beyond core reinsurance offerings, Fortitude Re extends various value-added services, including:

  1. Risk Management Consulting: Fortitude Re provides risk management consulting services to assist clients in identifying, assessing, and managing their risks.
  2. Claims Assistance: Fortitude Re provides claims assistance services to help its clients handle and settle claims.

Financial Details and Credit Ratings

Fortitude Reinsurance Company Ltd. (RJ) stands as a financially robust firm with a proven history of profitability, equipped with a sturdy capital base to fulfill its financial commitments.

Financial Highlights

At the close of the year:

  • Assets: US$10.2 billion
  • Liabilities: US$7.8 billion
  • Equity: US$2.4 billion
  • Net Income: US$210 million
  • A.M. Best Rating: “A” (Excellent)
  • Standard & Poor’s Rating: “A+” (Strong)
  • Fitch Ratings: “A” (Strong)

Financial Performance

Fortitude Re consistently demonstrates profitability, recording positive net income year after year. In 2022, the company achieved US$210 million in net income.

Capital Strength of Fortitude Reinsurance Company Ltd. (RJ) (Tennessee)

Fortitude Re boasts a formidable capital base, with a capital-to-asset ratio of 23.5%, well exceeding the industry average. This robust capital foundation serves as a safeguard against unforeseen losses.

Financial Outlook

Fortitude Re is strategically positioned for ongoing financial success.

The company possesses a solid balance sheet, a consistent profitability track record, and a commitment to prudent financial management.

It is also well-prepared to capitalize on the global reinsurance market’s growth.

Credit Ratings

Major credit agencies give Fortitude Re high ratings, with A.M. Best Company rating it “A” (excellent), Standard & Poor’s rating it “A+” (strong), and Fitch Ratings rating it “A” (strong).

These top-notch credit ratings underscore the company’s financial strength and dedication to meeting its financial obligations.

Claims Handling and Duration

The claims handling process at Fortitude Re is as follows:

  1. Notification: The ceding company notifies Fortitude Re of a loss.
  2. Investigation: Fortitude Re investigates the loss to determine the cause and extent of the damage.
  3. Assessment: Fortitude Re assesses the loss and determines the amount of reinsurance payable.
  4. Payment: Fortitude Re pays the reinsurance claim to the ceding company.

Claims Duration

Fortitude Re commits to swift resolutions when handling claims, which depend on the complexity of each case. Generally, the company settles claims within 30–60 days.

Customer Reviews

Fortitude Reinsurance Company Ltd. (RJ) is known for its excellent customer service.

Clients acknowledge the company for its commitment to delivering high-quality products and services, as well as its dedication to meeting their needs.

Advantages of choosing Fortitude Reinsurance Company Ltd. (RJ) (Tennessee)

  1. Strong Financial Position: Fortitude Re is financially robust with a proven track record of profitability, instilling confidence in clients regarding the company’s ability to meet financial obligations.
  2. Wide Range of Products and Services: Offering a diverse array of reinsurance products and services, Fortitude Re caters to the varied needs of clients, allowing them to choose solutions that align with their requirements.
  3. Experienced and Knowledgeable Staff: Fortitude Re’s staff is both experienced and knowledgeable, dedicated to delivering excellent customer service. Clients can trust that they are in capable hands.
  4. Efficient and Responsive Claims Handling: Fortitude Re is recognized for handling claims efficiently and fairly, ensuring clients can recover quickly after a loss.
  5. A.M. Best Rating: Rated “A” (excellent) by A.M. Best Company, Fortitude Re holds the second-highest rating, indicating a strong standing in the reinsurance industry.
  6. Standard & Poor’s Rating: Fortitude Re boasts an “A+” (strong) rating from Standard & Poor’s, the second-highest rating bestowed upon reinsurance companies.
  7. Fitch Ratings: With an “A” (strong) rating from Fitch Ratings, Fortitude Re secures the second-highest rating, reaffirming its strength in the reinsurance sector.

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