Fortitude Re buys Dayforward to power annuity push
What's the deal? Fortitude ReDealroom has a profile for this one. Try Dealroom →, a Bermuda-based global reinsurer, has acquired substantially all the assets of Dayforward, a digitally native insurance technology startup founded in 2020. The deal, announced in September 2026 for an undisclosed sum, will fold Dayforward into a newly formed subsidiary renamed Fortitude LifeDealroom has a profile for this one. Try Dealroom →.
What's included? Fortitude Re gains Dayforward's technology platform, distribution agreements, intellectual property, licensed insurance agency, and employees. It does not take on Dayforward's insurance entities or their legacy policies and liabilities.
What's the endgame? Dayforward's platform supports the full policy lifecycle, from agent onboarding and application processing to policy issuance, commission payments, and in-force servicing. Fortitude Re, which holds more than $100 billion in reserves and is backed by CarlyleDealroom has a profile for this one. Try Dealroom → and T&D Insurance Group, wants to originate and manage business across more insurance channels.
What did they say? "The Dayforward team has built a set of technology capabilities that perfectly complement our underwriting, ALM and investment expertise," said Alon Neches, chief executive officer of Fortitude Re.
Dayforward's team will continue to lead the business under Fortitude Re. Chief executive officer Aaron Shapiro said the deal gives the company "the capital foundation and institutional expertise to scale that vision at a pace we could not have achieved on our own."
The signal: The acquisition shows an established reinsurer buying digital infrastructure rather than building it, extending a balance-sheet business into technology, distribution, and policy administration. It marks Fortitude Re's move to serve a broader range of clients and policyholders beyond its core institutional reinsurance work.
Read more: businesswire.com
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