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.
High Tide Inc. announced it will publish its financial and operational results for the quarter ended July 31, 2026, after market close on September 14, 2026. The company will host a webcast on September 15 featuring CEO Raj Grover and CFO Mayank Maha...
DaVita has launched a value-based care partnership with Humana to provide coordinated care for over 10,000 Medicare Advantage members with chronic kidney disease stages 3B–5. The program focuses on early intervention to slow disease progression, redu...
The RealReal's 2026 Resale Report reveals a major surge in luxury resale, especially vintage items, with demand up 432% since 2020. Consumers are increasingly specific in their luxury preferences, focusing on particular designers and eras, while seco...
Ursa Major Technologies, an aerospace and defense company, announced a business combination with SPAC Bleichroeder Acquisition Corp. III, led by Inflection Point Asset Management, to become a publicly traded company on Nasdaq by Q1 2027. The deal val...
Escalade, a sporting goods and recreation equipment company, has acquired ASL Solutions, a manufacturer of premium insulated dog houses and pet accessories. This acquisition expands Escalade's manufacturing capabilities and marks its entry into the g...
