Summer 2026

Life Actuarial Intern

Multiple Teams

Posted on 8/6/2025

Fortitude Reinsurance

Fortitude Reinsurance

501-1,000 employees

Acquires and manages legacy runoff liabilities

No salary listed

No H1B Sponsorship

Nashville, TN, USA

In Person

Candidates must be available to work in Nashville for all 10 weeks of the program. Relocation assistance will be provided if the candidate is not currently based in or around Nashville.

Category
Finance & Banking (1)
Requirements
  • Rising seniors who have excelled in previous work experience
  • Demonstrated outstanding academic and extracurricular achievement
  • Strong analytical, quantitative, and interpersonal skills
  • Enthusiastic about and committed to the insurance industry
  • Graduation between November 2026 and July 2027
  • Preference for candidates who have passed at least one actuarial exam administered by the Society of Actuaries
  • Authorized to work for any employer in the U.S.
Responsibilities
  • Drive results at Fortitude Re with expertise in quantitative analysis, insurance pricing, valuation, and risk quantification
  • Determine reserve valuations and financial reporting
  • Develop long-term projections of insurance products for internal analytical and regulatory purposes
  • Perform experience studies and set assumptions for Life, Annuity, and Accident & Health blocks of insurance
  • Complete a capstone project on a cross-functional team
  • Learn directly from senior management
  • Participate in classes, volunteerism, presentations, panels, and social events as part of the Internship Development Program.
Desired Qualifications
  • Bold thinkers with an entrepreneurial spirit
  • Powerful blend of IQ (technical skills, consistent learning, statistical & financial acumen) and EQ (adaptive communication, empathy, listening skills, challenging with humility)
  • Diverse background of experience, culture, and thought
  • Global perspective and a record of successful teamwork
Fortitude Reinsurance

Fortitude Reinsurance

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Fortitude Reinsurance buys and manages legacy insurance blocks, mainly life, annuity, and P&C runoff, to free clients' capital. It holds the liabilities and related assets, earning returns from investments and by running down the blocks over time. With a global footprint centered in Bermuda, it is backed by The Carlyle Group and T&D Holdings, giving it strong financial backing. Its goal is to help insurers optimize capital and protect policyholders while expanding its reinsurance business.

Company Size

501-1,000

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$2.1B

Headquarters

Hamilton, Bermuda

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • Launched Fortitude Carlyle Asia Reinsurance in 2024 with $700M capital targeting Asian annuities.
  • Secured $4B reinsurance deal with Taiyo Life and Unum Life agreement in 2024.
  • Raised $500M notes for FLIAC, boosting liquidity for legacy block acquisitions.

What critics are saying

  • James Bracken's 2024 exit to Zurich erodes strategic execution in U.S. operations.
  • Greta Hager's August 2024 CFO start disrupts Asia expansion financial oversight.
  • Apollo's Athene captures U.S. life runoff market share through 2026.

What makes Fortitude Reinsurance unique

  • Fortitude Re specializes in acquiring runoff life, annuity, and P&C insurance blocks from global insurers.
  • Bermuda-based with U.S. platform via Fortitude U.S. Reinsurance Company acquired in 2022.
  • Backed by Carlyle Group and T&D Holdings for capital-intensive legacy reinsurance deals.

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Benefits

Hybrid Work Options

Performance Bonus

Company News

Conyers
Nov 1st, 2025
Fortitude Re's Formation and Launch of Fortitude Carlyle Asia Reinsurance, Ltd.

Fortitude Re's formation and launch of Fortitude Carlyle asia reinsurance, ltd. Conyers advised FGH parent, L.P. ("FGP", and together with its subsidiaries, "Fortitude Re") in connection with the structuring, formation and launch of Fortitude Carlyle asia reinsurance, ltd. ("FCA Re"), and its affiliated holding entities. Fortitude Re, a leading global reinsurance company, partnered with global investment firm Carlyle (NASDAQ: CG) to form FCA Re as a Bermuda-based Class E reinsurance sidecar, to support Fortitude Re's strategic expansion into the Asian life and annuity market. FCA Re has secured over US$700 million in deployable capital, including equity and expected debt capacity. In addition to Fortitude Re and Carlyle, equity commitments were made by a consortium of institutional investors including T&D Insurance Group, AllianceBernstein, Shinhan Life, and the National Pension Service of Korea (NPS). Fortitude Re will act as the insurance sponsor, while Carlyle will serve as the asset management sponsor. Upon full capital deployment, FCA Re is expected to contribute approximately US$10 billion in fee-earning assets under management to Carlyle. The Conyers team led by Jacqueline King advised on all aspects of Bermuda law and regulation relating to the structuring of FCA Re, the capital raised through both equity and debt financing, and obtaining the licensing and transaction related approvals to ensure FCA Re was licensed to reinsure initial flow and block reinsurance transactions from Fortitude Re related to whole-life products and fixed annuity products. Director Jacqueline King, Senior Associates Alexis Haynes and Kathleen McBeath, and Associates Jacari Brimmer-Landy and Ryann Hollis provided Bermuda law advice on this matter, working alongside Debevoise & Plimpton LLP. Partner Anna-Lise Wisdom and Associate Farrah Miller provided Cayman Islands law advice.

Intelligent Insurer
Sep 30th, 2025
Fortitude Re Raises $500M in Notes

Fortitude Re, a Bermuda-based reinsurer, has raised $500 million through the funding agreement-backed note market for its Fortitude Life Insurance & Annuity Company (FLIAC).

Newton Media Ltd
Sep 30th, 2025
Fortitude Re raises $500m via funding agreement-backed notes

Fortitude Re raises $500m via funding agreement-backed notes.

Reinsurance News
Mar 21st, 2025
Fortitude Re announces $4bn reinsurance agreement with Taiyo Life

Fortitude Re announces $4bn reinsurance agreement with Taiyo Life.

The Royal Gazette
Feb 27th, 2025
Fortitude Re subsidiary signs reinsurance deal with Unum Life

Fortitude Re subsidiary signs reinsurance deal with Unum Life.

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