09:12 AM EDT, 10/21/2025 (MT Newswires) -- AllianceBernstein ( AB ) said Tuesday it has made an equity investment in Fortitude Carlyle Asia Reinsurance to expand its presence in Asia's insurance market.

Financial terms were not disclosed.

Fortitude Carlyle will initially assume a share of existing liabilities from parent company Fortitude Re, while reinsuring a share of future transactions in Asia, the company said.

AllianceBernstein ( AB ) said it intends to manage private alternative assets for Fortitude Carlyle Asia Reinsurance.

Shares of AllianceBernstein ( AB ) were down 1% in recent Tuesday premarket activity.