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Fortitude Reinsurance doubles size by taking on $3.8B Unum LTC reserves, signaling reinsurers' growth in diverse life insurance risks.

Market News
17 Jul 2026
Seeking Alpha
View Source
Neutral
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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.

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