Fortitude Re seals $4bn reinsurance deal with Taiyo Life [Yahoo! Finance]
Unum Group (UNM)
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Source: Yahoo! Finance
This deal involves the reinsurance of a “significant portion” of Taiyo Life's whole life annuity business to Fortitude Re. Taiyo Life will maintain its role in servicing and administering the reinsured policies. This transaction is the second reinsurance agreement with Taiyo Life and the sixth overall in the Japan. For this deal, Fortitude Re received legal counsel from Sidley Austin and Mori Hamada & Matsumoto. Fortitude Re Asia head Leonard Lin said: “We are honoured that Taiyo Life continues to place their trust in us and we look forward to building on our successful partnership. This transaction further demonstrates our deep commitment to the Japan market and to helping our partners achieve their risk, capital and growth aspirations.” Fortitude Re CEO Al
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News
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- Unum Group (NYSE: UNM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Unum (UNM) Up 4.6% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Unum Group (NYSE: UNM) was upgraded by analysts at Raymond James from a "market perform" rating to a "strong-buy" rating. They now have a $108.00 price target on the stock.MarketBeat
- Unum Group (NYSE: UNM) had its price target raised by analysts at BMO Capital Markets from $95.00 to $102.00. They now have an "outperform" rating on the stock.MarketBeat
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