Reinsurance News
Unum Group
Fortitude Re closes $3.4bn long-term care reinsurance transaction with Unum
2nd July 2025
Fortitude Re has closed a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (FRL) and Unum Life Insurance Company of America (Unum), a subsidiary of Unum Group. Consistent with the agreement announced earlier this year, Unum will cede to FRL, effective as of January 1, 2025, $3.4 billion of ... Read the full article
Fortitude Re and Unum Group sign $3.4bn reinsurance transaction
27th February 2025
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 disability insurance (IDI) in-force premium to Fortitude Reinsurance Company. The cession to Fortitude Re's subsidiary reportedly represents 19% of Unum’s total LTC block and 20% of its in-force IDI ... Read the full article
Amynta to acquire Unum Group’s Medical Stop Loss business
11th July 2024
Amynta Group, the insurance services company, has entered into a definitive agreement with Unum Group, which will see Amynta acquire the Group’s Medical Stop Loss business. According to the announcement, the business will operate as a full-service managing general underwriter (MGU) under Amynta Risk Solutions. For those who are not aware, the ... Read the full article
Former XL exec Susan Cross to serve as a Director of Unum Group
26th February 2019
Former XL Group executive, Susan Cross, has been elected to serve as a Director of Unum Group, a provider of financial protection benefits in the U.S. and the UK. Cross served as Executive Vice President (EVP) and Global Chief Actuary at insurer and reinsurer XL Group from August 2008 until September ... Read the full article
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