{"id":30830,"date":"2026-07-06T15:20:00","date_gmt":"2026-07-06T13:20:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=ef8272aab147f59cec0c4f06a0587f25"},"modified":"2026-07-06T15:20:00","modified_gmt":"2026-07-06T13:20:00","slug":"fortitude-re-announces-3-8-billion-long-term-care-reinsurance-agreement-with-unum-group","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=30830","title":{"rendered":"Fortitude Re Announces $3.8 Billion Long-Term Care Reinsurance Agreement with Unum Group"},"content":{"rendered":"

HAMILTON, Bermuda--(BUSINESS WIRE)--Fortitude Re announced today the signing of a $3.8 billion reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (\u201cFRL\u201d) and Unum Life Insurance Company of America (\u201cUnum\u201d), a subsidiary of Unum Group (NYSE: UNM).<\/p><\/a><\/a>

\nUpon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will recapture from Fairwind Insurance Company (\"Fairwind\"), a wholly-owned subsidiary of Unum, an individual long-term care (\"LTC\") block representing approximately $3.8 billion of statutory reserves in Fairwind (or approximately $4.5 billion of Unum best estimate reserves) and cede the block to FRL, further building on the successful transaction between Fortitude Re and Unum announced last year.<\/p>

\nUnum will continue to service and administer the reinsured policies. Simultaneously with the closing of the reinsurance transaction with Unum, FRL will enter into an agreement to retrocede 100% of the LTC insurance risks to a highly rated global reinsurance partner. FRL will thereby retain only the underlying spread-based risks associated with this block of business.<\/p>

\n\u201cWe are pleased to again partner with Unum and value the trust they have placed in our team,\u201d said Kai Talarek, Chief Growth & Optimization Officer, Fortitude Re. \u201cWe also appreciate the support of our strategic partner Carlyle, whose investment expertise helps ensure we optimize the risk-adjusted return of the investments that back the promises we are making to our clients and their policyholders.\"<\/p>

\n\u201cThis reinsurance agreement demonstrates how our client-centric approach drives highly customized solutions tailored to meet client needs,\u201d said Russell Gao, Head of U.S. Origination & Strategy, Fortitude Re. \u201cWe thank Unum for its trust, collaboration and continued partnership.\u201d<\/p>

\nSidley Austin LLP served as legal counsel to Fortitude Re.<\/p>

\nAbout Fortitude Re<\/b><\/p>

\nFortitude Re refers to FGH Parent, L.P. and its subsidiaries. Fortitude Re is a leading global reinsurer with more than $100 billion in reserves. Backed by world-class investors, including Carlyle and T&D Insurance Group, Fortitude Re combines deep expertise, disciplined execution, and a strong capital base to help clients navigate significant risk and capital challenges. Powered by a people-first culture that attracts, develops, and retains top industry talent, the company delivers innovative, tailored solutions that create lasting value for clients, partners, and policyholders. For more information, visit fortitude-re.com<\/a> and follow Fortitude Re on LinkedIn<\/a>.<\/p> Contacts<\/b>

\nMedia Contact:<\/b> Mary Beth Conklin\n423-596-1449\nMarybeth.Conklin@fortitude-re.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

HAMILTON, Bermuda–(BUSINESS WIRE)–Fortitude Re announced today the signing of a $3.8 billion reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (\u201cFRL\u201d) and Unum Life Insurance Company of America (\u201cUnum\u201d), a subsidiary …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30830","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/30830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30830"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/30830\/revisions"}],"predecessor-version":[{"id":30832,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/30830\/revisions\/30832"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}