Unum Group to Reinsure Long-Term Care Reserves With Fortitude Re
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Unum Group has decided to reinsure its long-term care reserves and cede its multi-life individual disability insurance business to Fortitude Re. This move is aimed at allowing Unum to concentrate on its higher-returning core businesses.
February 28, 2025 | 5:30 pm
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Unum Group is reinsuring its long-term care reserves and ceding its multi-life individual disability insurance business to Fortitude Re. This strategic move is intended to allow Unum to focus on its higher-returning core businesses.
The decision to reinsure and cede certain business lines indicates a strategic shift towards focusing on more profitable areas. This could lead to improved financial performance and investor confidence in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100