Fortitude Reinsurance Company Ltd. announced the closing of its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation and its affiliates. Consistent with the agreement announced May 2, 2023, Lincoln will reinsure a significant portion of its universal life insurance and fixed annuity business to Fortitude Re. To ensure a consistent experience for customers, Lincoln will continue to service and administer the reinsured policies.
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