Fortitude Re expands presence in Japanese market

Bermuda-based multi-line reinsurer  Fortitude Re has established a new Tokyo representative office to further expand its presence in the Japanese market.

Hajime Kawafuji has been appointed as its chief representative. Kawafuji is a leader in the Japanese business community, with a broad range of investing and advisory experience across several industries.

Kawafuji joins Fortitude Re from global investment firm Carlyle, where he was a senior member of the Japan buyout advisory team. Prior to that, he spent more than a decade at Nomura in its investment banking division.

Kawafuji will partner with Leonard Lin, head of Asia at Fortitude Re, to drive further growth in Japan.

Alon Neches, CEO of Fortitude Re, said: “Our Representative Office in Tokyo further demonstrates our commitment to clients in Japan. Under Leonard and Kawafuji-san’s leadership, we will build our presence in the Japanese market to ensure local insurers benefit from the best of our firm’s capabilities to support their financial and strategic goals.”

The Fortitude Re Group manages approximately $72 billion in general and separate account insurance reserves and administers over 4.5 million insurance policies.

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