Fortitude Re finalises $3.8bn long-term care reinsurance deal with Unum Group

Bermuda-based reinsurer Fortitude Re has finalised a USD $3.8 billion long-term care (LTC) reinsurance agreement with Unum Group, a US insurance and employee benefits provider, involving a portfolio of approximately 50,000 individual insurance policies. The transaction, completed through Fortitude Reinsurance Company Ltd. (FRL) and Unum Life Insurance Company of America (Unum America), follows an earlier…

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IGI posts net income of $28m for Q3’26 as reinsurance underwriting result improves

International General Insurance Holdings Ltd. (IGI Group) has reported a net income of $28 million and $70.5 million for the third quarter and nine months of 2026, respectively, down from $33.5 million and $94.9 million in Q3’25 and 9M’25, respectively. The insurer explained that these results “reflected profitable underwriting results across all segments and positive…

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