Unum Group Reduces Long-Term Care Risk Through $3.8 Billion Reinsurance Agreement
Unum Group has entered into a reinsurance deal with Fortitude Re to reinsure an additional $3.8 billion of long-term care statutory reserves, reducing its exposure by 40% since the beginning of last year and bringing total reinsured LTC reserves to $7 billion.
Tickers: $UNM
Topics: capital management long-term care insurance reinsurance