JDC TECHNICAL EVALUATION REPORT

Subject: UMUM / Fortitude Re  

Reference UID: 6088

Market Authority: London & International Markets

Case Ref: LTC-UNUM-FORT-2026

Secondary Case Ref: N/A

Date: 13^th July 2026

Status: Completed

Case Summary (Tier 4):

Unum completed a $3.8 billion long-term care reinsurance transaction with Fortitude Re, transferring a substantial block of legacy liabilities while releasing capital and reducing long-duration risk. The transaction represents one of the largest recent LTC risk transfers in North America.

Case Detail (Tier 5):

Long-tail liabilities continue migrating towards specialist balance sheets. The transaction demonstrates that legacy capital is increasingly being deployed proactively for strategic capital optimisation rather than simply resolving distressed portfolios.

Additional Comment:

N/A