Subscribe
shutterstock_724009606-1
25 August 2023Insurance

Fortitude Re strikes $450m transformation deal with tech giant IBM

Bermuda-based multi-line reinsurer  Fortitude Re has entered into a $450 million agreement with tech giant IBM to “transform” its life insurance policy servicing operations through the implementation of AI technology and other automation tools.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
Fortitude Re, Lincoln Financial close $28bn reinsurance deal
22 November 2023   Lincoln reinsured its universal life and fixed annuity business to Fortitude Re.
Insurance
Fortitude Re picks new CRO from SiriusPoint in latest C-suite change
23 August 2023   Current CRO to transition to a newly created role of chief regulatory officer.
Insurance
Fortitude Re expands presence in Japanese market
12 May 2023   The reinsurer has established a new Tokyo representative office.


Editor's picks

Reinsurers’ rising profit goals despite 1/1 softening suggests rate adequacy
Reinsurance
Reinsurers’ rising profit goals despite 1/1 softening suggests rate adequacy
20 December 2024

Editor's picks

Reinsurance
Reinsurers’ rising profit goals despite 1/1 softening suggests rate adequacy
20 December 2024
Insurance
New capacity will stay in ‘25 for small-cap wholesale property: Amwins
20 December 2024
Insurance
WTW eyes growth in strategic fac business with senior hire
19 December 2024
Insurance
Ardonagh valued at $14bn as PE firm Stone Point invests
18 December 2024
Insurance
Gallagher builds out specialty leadership with dual CEO appointment
17 December 2024
Insurance
Arch snags Tokio Marine HCC talent to boost cyber
17 December 2024

More articles

US state insurance commissioners urge Musk to scrap Federal Insurance Office
Lockton Re reveals new US segment for programmes and MGAs
Talanx terminates agreement with Meiji Yasuda
Acrisure snags industry veteran to bolster expertise
MGA Alta Signa taps talent pool to bolster cyber division
Volante builds out board with former Helios, Ascot CEO
BMS swoops for UK broker in largest acquisition yet
Zurich partners with Blink to expand parametric offering

Copyright © intelligentinsurer.com 2024   |   Headless Content Management with Blaze