Fortitude Re expands Unum partnership with $3.8bn long-term care reinsurance deal

Bermuda-based reinsurer Fortitude Re has expanded its long-term care reinsurance partnership with Unum through a $3.8 billion transaction that furthers its legacy life and annuity portfolio while limiting its exposure to biometric risk through a full retrocession arrangement.

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Fortitude Re expands Unum partnership with $3.8bn long-term care reinsurance deal

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