FGH Parent Has Acquired Insurtech Startup Dayforward
The transaction integrates Dayforward’s digital platform into the operations of the Bermuda-based reinsurer Fortitude Re.
Updated on Sept. 28, 2026 in Financial Services
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FGH Parent, LP has completed the acquisition of the insurtech company Dayforward. The deal will see Dayforward operate as a subsidiary of the newly formed Fortitude Life, which is part of the reinsurer Fortitude Re.
Why it matters
The acquisition allows Fortitude Re to bolster its insurance channel capabilities by integrating Dayforward’s proprietary technology platform with its existing underwriting and asset-liability management expertise.
The acquisition includes Dayforward’s technology platform, distribution agreements, and staff, though it explicitly excludes the startup’s legacy insurance entities. The parent firm, Fortitude Re, maintains its status as a Class 4 Bermuda long-term reinsurer.
The players
Fortitude Re
Fortitude Re is a Bermuda-based Class 4 long-term reinsurer that is backed by major institutional investors including Carlyle and T&D Insurance Group.
Dayforward
Dayforward is an insurtech company founded in 2020 that provides a digital insurance platform and distribution technology.
Willkie Farr & Gallagher LLP
Willkie Farr & Gallagher LLP is a global law firm that provided legal advisory services for the acquisition transaction.
The details
Dayforward’s existing team will retain leadership over business operations under the new ownership structure. The deal encompasses the firm’s intellectual property and licensed insurance agency, while leaving behind the legacy policies and associated liabilities of the startup.
Timeline
Dayforward was founded in 2020.
The acquisition of Dayforward was announced on September 28, 2026.
Market Landscape
This move signals a broader industry effort by traditional reinsurers to compete with digital-native firms through strategic consolidation. By bringing in external technology platforms, large reinsurers are aiming to bypass lengthy internal software development lifecycles.
Average policyholders and current clients of Dayforward should see continued operations under the existing team without immediate changes to their coverage status. The exclusion of legacy policies from this deal suggests that existing liabilities remain separate from the newly integrated technology assets.
The takeaway
Legacy insurance firms are increasingly viewing the acquisition of specialized tech startups as the most efficient path to digital transformation. Integrating these platforms allows established companies to gain immediate access to modern distribution networks and proprietary digital intellectual property.
Further reading
For more on the changing structure of the industry, explore our coverage of Financial Services.
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