Fortitude Re Announces Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group [Yahoo! Finance]
The Carlyle Group Inc. (CG)
Last the carlyle group inc. earnings: 4/30 06:40 am
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Source: Yahoo! Finance
company, today announced the signing of a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. ("FRL") and Unum Life Insurance Company of America ("Unum"), a subsidiary of Unum Group (NYSE: UNM). Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will cede to FRL, effective as of January 1, 2025, $3.4 billion of individual long-term care ("LTC") statutory reserves and approximately $120 million of Unum Group's multi-life individual disability insurance ("IDI") in-force premium. The cession represents 19% of Unum Group's total LTC block and 20% of its in-force IDI premium. Unum will continue to service and administer the reinsured pol
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CG
Earnings
- 2/10/25 - Miss
CG
Sec Filings
- 2/28/25 - Form 4
- 2/28/25 - Form 4
- 2/28/25 - Form 4
- CG's page on the SEC website