Fortitude Re closes Unum LTC reinsurance covering $3.8bn of statutory reserves
By IAN Editorial Desk
News date: 4 November 2026Published 5 November 2026·3 min read
Primary source: fortitude-re.com
Unum recorded $833.5m of before-tax third-quarter investment losses related to its Fortitude Re reinsurance transactions.
Fortitude Re said on 4 November that its subsidiary Fortitude Reinsurance Company Ltd. (FRL) had closed a long-term care (LTC) reinsurance transaction with Unum Life Insurance Company of America (Unum America), a subsidiary of Unum Group. The block represents $3.8bn of statutory reserves.
At the same time, FRL agreed to retrocede 100% of the block's LTC insurance risks to a…
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