Fortress Re Inc. was an American aviation reinsurance company based in Burlington, North Carolina, and co-owned by Maurice Sabbah.
[6] Legal actions began from a number of Japanese insurance companies at the start of 2002 towards the directors of Fortress Re, alleging the company had misrepresented losses and performed other improper acts, including Sabbah and his partner "amassing personal fortunes" by skimming money off the top from Sompo's funds.
In 2004, the two directors of Fortress Re were collectively forced to pay $1.12 billion by a court in New York, for defrauding Sompo Japan Insurance.
[4] Maurice Sabbah founded the American Hebrew Academy in Greensboro, North Carolina, without disclosing his name as the founder and major donor.
[10] Japanese insurers who were covered by Fortress Re reached an agreement in their effort to recover some of their losses by suits against the Hebrew Academy.