Fortitude Reinsurance Company Ltd. agreed on July 6 to assume about $3.8 billion in statutory reserves from Unum Group's individual long-term care (LTC) business, more than doubling its existing relationship since 2025. This move reflects a broader trend where reinsurers are expanding their appetite for diverse life insurance liabilities, including LTC and universal life policies with secondary guarantees. US life insurers reported over $110 billion in reserve credits related to LTC business by the end of 2025, showing the scale of this market. Reinsurers are also pursuing growth through acquisitions, capital allocation, and expanding into new geographic markets like Japan and Asia, signaling a strategic shift to capture more life insurance risks beyond traditional annuities.
Borders & Southern Petroleum is progressing discussions with multiple parties to farm out its Darwin oil discovery in the Falkland Islands, amid growing investor interest driven by accelerated development of the Sea Lion oil project. The company owns...
Solana (SOL) has surged more than 24% in the past week and 43% over the last month, reclaiming the $100 price level. Institutional and whale investors, including DeFi Development Corp (DFDV), which added 19,000 SOL to its 2.3 million token holdings, ...
Dunkin' and BARK opened their first official dog drive-thru in Quincy, Massachusetts, on National Dog Day, offering dog treats, limited-edition bandanas, and plush toys inspired by Dunkin's menu. The event supports the Dunkin' Joy in Childhood Founda...
US-listed XRP ETFs attracted $28.14 million on August 26, marking the second-largest daily inflow in 2026, led by Bitwise with $13.12 million. Whale wallets accumulated about 460 million XRP tokens, the strongest since February, signaling strong inst...
At Bitcoin Asia 2026 in Hong Kong, former Binance CEO Changpeng Zhao predicted Bitcoin will overtake gold's significance during the next bull market cycle. While gold's market cap is about $32.4 trillion, Bitcoin currently holds $1.6 trillion, with Z...
