Fortitude Re Completes $3.8B Unum Deal

Fortitude Re announced the closing of the previously announced reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. [FRL], and Unum Life Insurance Company of America [Unum], a subsidiary of Unum Group. A spokesperson said, “At closing, Unum recaptured a group of individual LTC policies from Fairwind Insurance Company [Fairwind], a wholly owned subsidiary of …

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