Life Insurance International on MSN2d
Unum America to cede LTC and IDI policies to Fortitude Re
Unum America will transfer $3.4bn of individual LTC reserves and approximately $120m of IDI in-force premium to Fortitude Re.
Unum Group Announces $3.4 Billion Long-Term Care Reinsurance Transaction with Fortitude Re
Unum Group (NYSE: UNM) announced today that its Unum Life Insurance Company of America subsidiary (Unum America) has agreed ...
Stocktwits on MSN7d
Unum Stock Rises Pre-Market After $3.4B Long-Term Care Reinsurance Deal With Fortitude Re: Retail’s Yet To Be Impressed
Shares of Unum Group (UNM) rose nearly 2% in Thursday’s pre-market session after announcing a $3.4 billion long-term care ...
Nasdaq5d
Unum Group to Reinsure Long-Term Care Reserves With Fortitude Re
Per the deal, Unum America will cede to Fortitude Re individual LTC insurance policies that represent 19% of UNM's total LTC block as well as a quota share of IDI policies reinsured from an ...
Fortitude Re Announces Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group
FGH Parent, L.P., (together with its subsidiaries, "Fortitude Re"), a leading global reinsurance company, today announced the ...
Insurance Business America6d
Unum offloads billions in LTC & disability reserves to Fortitude Re
Unum has transferred $3.4 billion of its insurance reserves to Fortitude Re under a new reinsurance partnership. The ...
Unum Group price target raised to $102 from $95 at BMO Capital
BMO Capital raised the firm’s price target on Unum Group (UNM) to $102 from $95 and keeps an Outperform rating on the shares. Following the ...
Unum Group Subsidiary Enters $3.4B Reinsurance Transaction for Long-Term Care Reserves
The provider of workplace benefits and services said Unum Life Insurance Company of America agreed to cede, on a coinsurance basis, individual long-term care insurance policies representing 19% of ...