Unum Group sells Medical Stop Loss business to Amynta Group, no terms

Unum Group announced that it has entered into a definitive agreement whereby the Amynta Group, an insurance services provider, will acquire Unum Group’s Medical Stop Loss business. The business will operate as a full-service managing general underwriter under Amynta Risk Solutions. The business provides medical stop loss coverage to a diversified group of employers and industries across the United States. Terms of the sale were not disclosed. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.