Fortitude Re has been certified as a Great Place to Work for the second year in a row, the company announced.
The certification, issued by workplace analytics firm Great Place to Work, is based on employee responses to the Trust Index survey, which evaluates workplace culture across credibility, respect, fairness, camaraderie, and other key measures.
The survey found that 94% of Fortitude Re team members believe they are treated fairly regardless of gender, race, age, or sexual orientation. Additionally, 92% reported that management acts with honesty and integrity, while 91% said they were made to feel welcome upon joining the organization. Another 91% said they are entrusted with significant responsibilities in their roles.
Meanwhile, the 2024 survey revealed that 95% of respondents believe management acts honestly and ethically, while 93% said they felt welcome upon joining the company. These updated figures mark an increase from the previous year’s results.
Fortitude Re CEO Alon Neches (pictured above) said the recognition reflects employee feedback and the company’s internal culture.
“It reflects the care, collaboration and shared purpose that defines our culture and validates the work we’ve done to make Fortitude Re a place where our people can truly thrive,” Neches said.
Chief people officer Denise Nichols said that the survey results reflect the commitment and support among colleagues.
“Our colleagues are at the heart of everything we do and their passion, dedication and support for one another drives our success,” Nichols said.
Other responses from the survey included 89% of employees feeling positive about the company’s community contributions, 88% expressing pride in their association with the organization, and 85% saying there is a sense of care among colleagues.
Additionally, 83% believe they make a difference at the company and are provided with opportunities for training and development.
In addition to its internal workplace initiatives, Fortitude Re has also continued to expand its presence in the reinsurance sector. Moody’s Investors Service recently assigned A3 Insurance Financial Strength Ratings to Fortitude Re’s key operating entities, citing their strong capitalization, improved risk management practices, and diversified business portfolio.
The company also completed a $3.4 billion reinsurance transaction with Unum Group earlier this year. Under the agreement, Fortitude Re assumed responsibility for 19% of Unum’s long-term care reserves and 20% of its closed individual disability insurance business.
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