#None #AllianceBernstein #Fortitude Re #FCA Re

AllianceBernstein Announces Strategic Partnership in Asia

On October 21, 2025, AllianceBernstein L.P. (commonly known as AB), a prominent global investment management firm with a significant focus on insurance markets, revealed its plans to broaden its influence across the Asian insurance sector. This strategic move comes through an equity investment in Fortitude Carlyle Asia Reinsurance, Ltd. (FCA Re), a specialized reinsurance entity established by Fortitude Re.

AB emerges as one of the principal investors in FCA Re, marking a significant milestone in its Asia-centric growth strategy. FCA Re is designed to handle Asian liabilities and will not only take over existing liabilities from Fortitude Re but will also reinsure upcoming transactions in the Asian market. This venture is particularly notable as it aligns with AB's long-standing expertise serving insurance companies for over four decades.

Onur Erzan, Global Head of Private Wealth at AB, expressed optimism about the partnership, indicating that AB's extensive experience in fixed income and private credit origination will contribute positively to FCA Re’s success. The firm plans to manage private alternative assets for FCA Re, enhancing its overall insurance asset management capabilities in Asia, where they currently manage nearly $190 billion in insurance-related assets.

FCA Re operates as a Class E licensed reinsurer based in Bermuda, reinforcing its regulatory credibility and operational capabilities in the region. This investment exemplifies AB’s commitment to delivering innovative solutions tailored to the specific needs of Asian clients, a sentiment echoed by Alon Neches, the Chief Executive Officer of Fortitude Re. Neches emphasized that their collaboration with AB will enhance their innovative offerings in a pivotal market.

Neil Jain, AB's Head of Strategy, highlighted that the partnership not only expands AB's insurance asset management platform under the leadership of Chief Investment Officer of Insurance, Geoff Cornell, but also accelerates the firm's global growth strategy. This strategic alliance underscores AB’s dedication to investing in the Asian market, where they anticipate significant growth opportunities in the insurance sector.

This investment arrives at a time when the Asian insurance market is witnessing robust development driven by increasing demand for insurance products, a growing middle class, and advancements in technology facilitating easier access to insurance services. With its strategic investments, AB aims to capitalize on these trends, thus enhancing its competitive edge in the global insurance landscape.

As of September 30, 2025, AllianceBernstein has a remarkable $860 billion in assets under management, a testament to its operational scale and expertise in various investment spheres. To stay updated on their insurance platform and new developments, interested parties can visit their official website at www.alliancebernstein.com.

The partnership between AB and FCA Re represents a significant enhancement to the Asian reinsurance market, positioning both entities to leverage their respective strengths. With a shared vision of innovation and client-focused offerings, their collaboration is poised to make a substantial impact in the growing Asian insurance landscape.