Unum Group closes $3.4B reinsurance transaction with Fortitude Re

6 days ago 1

Unum Group's (NYSE:UNM) subsidiary Unum Life Insurance Company of America has closed its previously announced reinsurance transaction with Fortitude Reinsurance Company, it said on Tuesday.
As per the agreement, Unum America will cede $3.4B of individual LTC reserves and about $120M of IDI in-force premium

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