FG Nexus to sell FG Reinsurance Division, Heise to serve as CEO

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Reinsurance News - Oct 23, 2025

Fundamental Global Inc. (FG Nexus) has announced it has entered an agreement to sell a majority stake of its FG Reinsurance Division (FGRe) to Devondale Holdings LLC, led by industry veteran Tom Heise. This strategic transaction intends to position the new entity as a pioneer in tokenized reinsuranc...

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