Unum, LTC and Fortitude Re

Unum Group to cede $3.4B LTC reserves to Fortitude Re
Unum Group (NYSE:UNM) will cede $3.4B of individual long-term care (LTC) reserves and around $120M of individual disability insurance (IDI) in-force premium to Fortitude Re, who will then retrocede biometric risk to a  global reinsurer.
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 Unum's total long-term care block and a quota share of IDI policies reinsured from an affiliate representing 20% of Unum's total in-force IDI premium.
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 transaction, which took effect this year, will see Fortitude Re assume responsibility for 19% of Unum's long-term care reserves and 20% of its individual disability insurance business.
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 signing of a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd.
Fortitude Re and Unum Group sign $3.4bn reinsurance transaction
Unum Group is set to cede $3.4 billion of individual long-term care (LTC) statutory reserves and approximately $120 million of multi-life individual
Fortitude Re subsidiary signs reinsurance deal with Unum Life
Bermudian-based Fortitude Re has announced the signing of a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd, and Unum Life Insurance Company of America, which is a
Unum Group announces $3.4B long-term care reinsurance deal with Fortitude Re
Unum Group (UNM) announced that its Unum Life Insurance Company of America subsidiary has agreed to enter into an agreement to cede to
Unum Group to Reinsure Long-Term Care Reserves With Fortitude Re
Unum Group’s UNM subsidiary, Unum Life Insurance Company of America (“Unum America”), has agreed to enter into an agreement with Fortitude Reinsurance Company Ltd. (“Fortitude Re”), on a coinsurance basis,
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 ...
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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 ...
Unum Group price target raised to $103 from $90 at Keefe Bruyette
Keefe Bruyette raised the firm’s price target on Unum Group (UNM) to $103 from $90 and keeps an Outperform rating on the shares. The firm ...
Unum Group (NYSE:UNM) Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. lowered its stake in shares of Unum Group (NYSE:UNM – Free Report) by 2.7% during the 4th ...
Unum Group to Present at the 46th Annual Raymond James Institutional Investor Conference
President & CEO, Rick McKenney, along with EVP and CFO, Steve Zabel, will represent the company at the 46th Annual Raymond ...
Unum Group price target raised to $85 from $75 at BofA
BofA raised the firm’s price target on Unum Group (UNM) to $85 from $75 and keeps a Neutral rating on the shares after the company announced a ...
New York State Common Retirement Fund Lowers Stock Holdings in Unum Group (NYSE:UNM)
New York State Common Retirement Fund lessened its holdings in shares of Unum Group (NYSE:UNM – Free Report) by 6.8% during ...