AllianceBernstein has announced an equity investment in Fortitude Carlyle Asia Reinsurance, Ltd., with the move to allow the Nashville-based investment management firm to expand its insurance presence across Asia.

Financial terms of the investment were not disclosed in the release.

Fortitude Carlyle Asia Reinsurance (FCA Re), a reinsurance entity created by Nashville-based Fortitude Re, is focused on Asian liabilities.

AB has been named as one of the lead investors in FCA Re and intends to manage private alternative assets for FCA Re and will also appoint a member to the FCA Re Board of Directors.

FCA Re, a Class E licensed Bermuda-domiciled reinsurer, will initially assume a share of existing liabilities from Fortitude Re and will also reinsure a share of future transactions in Asia.

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