Fortitude Re announced today the signing of a $3.8 billion reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. and Unum Life Insurance Company of America, a subsidiary of Unum Group. Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will…
Unum Group announced today that its Unum Life Insurance Company of America subsidiary has entered into an agreement to cede to Fortitude Reinsurance Company Ltd., on a coinsurance basis, certain individual long-term care insurance policies representing $3.8 billion of statutory reserves in Fairwind Insurance Company, a wholly owned subsidiary of Unum.
It's been a bumpy journey since majority Democrats in the state Legislature approved its creation in 2019 over the objections of Republicans. The state will pay authorized providers from a fund in which premiums paid by an estimated 3.7 million Washington workers are deposited. "We are changing what it means to age and age with purpose and age with dignity, and…
