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Sidley Represents Fortitude Re in US$4 Billion Reinsurance Transaction with Taiyo Life | News

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Sidley represented Fortitude Re in a US$4 billion annuity reinsurance transaction between its subsidiary Fortitude Reinsurance Company Ltd., Bermuda’s largest multiline reinsurer, and Taiyo Life Insurance Company, a subsidiary of publicly traded, Tokyo-based T&D Holdings, Inc.

Under the transaction, which marks Fortitude Re’s inaugural reinsurance deal covering business in Asia, Taiyo Life reinsured a significant portion of its inforce individual annuity business to Fortitude Re. Taiyo Life will continue to service and administer the reinsured policies.

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The Sidley team was led by Jonathon J. Kelly (Insurance), and included John Grothaus, Katerina F. Glor (both Insurance), Peter Edgerton, and Josh Sandler (both Tax).



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