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Stock impact report

AB Announces Strategic Partnership Focused on the Asian Insurance Market

AllianceBernstein Holding L.P. Units (AB) 
Last alliancebernstein holding l.p. units earnings: 4/28 06:20 am Check Earnings Report
Company Research Source: PR Newswire
NASHVILLE, Tenn., Oct. 21, 2025 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE: AB), a leading global investment management firm, today announced plans to expand its insurance presence across Asia through an equity investment in Fortitude Carlyle Asia Reinsurance, Ltd. ("FCA Re"), a reinsurance entity created by Fortitude Re. AB has been named as one of the lead investors in FCA Re, a reinsurance sidecar vehicle focused on Asian liabilities. As part of this transaction, AB 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. "Our firm has been serving insurance companies for more than 40 years," said Onur Erzan, AB's Global Head of Private Wealth, Show less Read more
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