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.
EquipmentShare.com Inc. and some executives face a securities fraud lawsuit alleging they misled investors by not disclosing ongoing related-party transactions after their January 2026 IPO. The complaint claims founder-related entities continued undi...
BiomX's subsidiary Zorronet has partnered with Czech company Samura s.r.o. to expand its AI-powered monitoring technology across Central and Eastern Europe. The collaborations focus on smart pest management in agriculture and protecting critical tran...
Investec Bank plc, acting as advisor and joint broker to Advanced Medical Solutions Group Plc, disclosed its share transactions on July 23, 2026. The bank purchased 640,099 ordinary shares at prices between 280 and 280.25 per unit and sold 650,000 sh...
The SPDR S&P Biotech ETF (XBI) and Invesco Biotechnology & Genome ETF (PBE) differ significantly in portfolio structure and performance. XBI uses a modified equal-weight approach across 100+ biotech stocks, favoring small- and mid-cap clinical-stage ...
D.R. Horton is expected to trade sideways due to high mortgage rates and slow homebuying, but remains a contrarian buy with potential for dividend hikes, share buybacks, and capital gains. Management focuses on margin stability over volume growth to ...
