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Stock News

Fortitude Re Announces $3.8 Billion Long-Term Care Reinsurance Agreement with Unum Group

Fortitude Re Announces $3.8 Billion Long-Term Care Reinsurance Agreement with Unum Group

HAMILTON, Bermuda--(BUSINESS WIRE)--Fortitude Re announced today the signing of a $3.8 billion reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (“FRL”) and Unum Life Insurance Company of America (“Unum”), a subsidiary of Unum Group (NYSE: UNM). Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will recapture from Fairwind Insurance Company ("Fairwind"), a wholly-owned subsidiary of Unu.

Jul 06, 2026 02:20 AM • businesswire.com
Unum Group Announces $3.8 Billion Long-Term Care Reinsurance Transaction with Fortitude Re

Unum Group Announces $3.8 Billion Long-Term Care Reinsurance Transaction with Fortitude Re

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) announced today that its Unum Life Insurance Company of America subsidiary (“Unum America”) has entered into an agreement to cede to Fortitude Reinsurance Company Ltd. (“Fortitude Re”), on a coinsurance basis, certain individual long-term care (“LTC”) insurance policies representing $3.8 billion of statutory reserves in Fairwind Insurance Company, a wholly owned subsidiary of Unum (“Fairwind”). At closing, Unum America will recapture t.

Jul 06, 2026 02:00 AM • businesswire.com
Unum Group Promotes Andrew Walker to Executive Vice President, Chief Customer Operations Officer

Unum Group Promotes Andrew Walker to Executive Vice President, Chief Customer Operations Officer

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) has promoted Andrew Walker to Executive Vice President, Chief Customer Operations Officer. In this role, Walker will continue to lead the company's Customer Operations organization, overseeing the teams, capabilities and transformation efforts that support how Unum Group shows up for customers, partners and the businesses it serves. “Andrew has quickly made an impact by strengthening the way we serve customers and run our operations,”.

Jul 01, 2026 12:15 PM • businesswire.com
Kristi Matus Elected to Unum Group Board of Directors

Kristi Matus Elected to Unum Group Board of Directors

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) today announced that Kristi Matus was elected to its board of directors last week at the company's 2026 annual meeting of shareholders. In addition, she was appointed to serve on the audit committee and the risk and finance committee of the board. Matus brings more than 30 years of leadership and board experience across financial services, healthcare, and technology. Her background includes leading enterprise finance organizations, ove.

May 28, 2026 06:10 AM • businesswire.com
Unum Group's Board of Directors Votes to Increase Common Stock Dividend

Unum Group's Board of Directors Votes to Increase Common Stock Dividend

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) announced today that its board of directors has authorized an increase of approximately 10 percent in the quarterly dividend paid on its common stock. The new rate of 50.5 cents per common share, or $2.02 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2026. # # # Forward-Looking Statements Certain statements in this release constitute “forward-looking statements” within the.

May 21, 2026 05:00 AM • businesswire.com
Unum Group Names Steve Jones as President of Colonial Life

Unum Group Names Steve Jones as President of Colonial Life

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group has appointed Steve Jones as president of Colonial Life, effective June 8. In this role, Jones will lead Colonial Life's business performance and long-term strategy and report to Rick McKenney, president and chief executive officer at Unum Group. As part of a planned transition, Jones will succeed Tim Arnold, who will retire in July after a 41-year career with Unum Group, including the last 11 years as president of Colonial Life. “Colonial Life is.

Apr 30, 2026 10:23 AM • businesswire.com

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