Information Technology Associate
Company: Fortitude Re
Location: Jersey City
Posted on: May 8, 2024
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Job Description:
Fortitude Re is a liability-led reinsurer of legacy insurance
portfolios complemented by sophisticated investment capabilities.
In 2016, AIG created a "Legacy" portfolio as a separate non-core
segment representing insurance reserves associated with
discontinued lines of commercial Property & Casualty and Life &
Annuity insurance businesses. The following year, AIG formed a
Bermuda-domiciled composite reinsurer, now Fortitude Re, to house
the Legacy portfolio in a separate, distinct, well-capitalized
balance sheet with a dedicated management team. In 2018, the
company entered into a series of L&A and P&C reinsurance
transactions with AIG and received an initial capitalization of -$3
BN. The transactions represented -$37 BN of reserves supported by
-$40 BN of invested assets. During this time, AIG also entered into
a long-term partnership with The Carlyle Group, with Carlyle
acquiring 19.9 % ownership. Then in 2019, The Carlyle Group and
T&D announced acquisition of majority interest in Fortitude Re
from AIG. This allowed for a new long-term shareholder base for the
company while maintaining a strong capital position for supporting
reinsurance obligations. Click here for more information about
Fortitude Re.
Position Summary
We are currently seeking a talented Business Applications Support
Analyst for our Nashville location.
Responsibilities
At Fortitude Re, we believe that diversity and inclusion are
critical to our future and our mission- creating a foundation for a
creative workplace that leads to innovation, growth, and
profitability. Through a wide variety of programs and initiatives,
we invest in each employee, seeking to ensure that our people are
not only respected as individuals, but also truly valued for their
unique perspectives.
Other details
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Keywords: Fortitude Re, Elizabeth , Information Technology Associate, IT / Software / Systems , Jersey City, New Jersey
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