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International

Fortitude Re’s net income tumbles 76%

March 09, 2021 Reprints

Bermuda-based reinsurer Fortitude Reinsurance Co. Ltd.’s net income decreased by 76% year-on-year to $864 million in 2020 as payment of policyholder benefits and losses incurred surged to $3.5 billion, Reinsurance News reported. Premiums dropped 11% to $295 million.

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Fortitude Re’s net income tumbles 76%

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