Reinsurance News
29th March 2021
The Allstate Corporation has completed its exit from the life and annuity sectors with the sale of Allstate Life Insurance Company of New York (ALNY) to Wilton Re for a sum of $220 million. Under the terms of this definitive agreement, Allstate divests ALNY and also terminates an ALIC stop-loss reinsurance ... Read the full article
11th January 2021
Nassau Financial Group, an insurance and financial services firm based in Hartford, CT, has received an initial strategic investment of $100 million from Wilton Reassurance Company and Stone Point Credit, via the issuance of a series of non-cumulative perpetual preferred equity. Nassau has said that it intends to use the proceeds ... Read the full article
19th October 2020
Defined benefit pension schemes consolidator Clara-Pensions has announced the addition of Wilton Re as a capital partner. Wilton Re Overseas Limited, a member of the Wilton Re Group of companies, will join global investment firm Sixth Street in supporting the growth of Clara-Pensions. Wilton Re is a global reinsurer that specialises in ... Read the full article
17th August 2018
Wilton Re has selected long-term care specialist, LTCG, to administer the 70,000 policies and approximated 8,000 active claims included in its August 1 long-term care insurance indemnity reinsurance agreement with CNO Financial Group subsidiary, Bankers Life and Casualty Company. LTCG will offer a complete processing solution which includes policy administration, care ... Read the full article
2nd August 2018
Bankers Life and Casualty Company, a subsidiary of CNO Financial Group, has secured reinsurance on its long-term care policies written prior to 2003, with reserves of approximately $2.7 billion, through 100% indemnity coinsurance. Wilton Re, a U.S life re/insurer that specialises in the acquisition of in-force portfolios, has agreed to take ... Read the full article
29th June 2017
Global insurance and financial services specialist Aegon has completed the sale of its two largest U.S. run-off insurance businesses to Wilton Re, the U.S. life reinsurance firm that specialises in the acquisition of in-force portfolios. In a transaction first announced back in May, Aegon has sold its payout annuity business ... Read the full article
22nd May 2017
Global insurance and financial services specialist Aegon is selling its two largest U.S. run-off insurance businesses to Wilton Re, the U.S. life re/insurer that specialises in the acquisition of in-force portfolios. Aegon is selling its payout annuity business and Bank Owned / Corporate Owned Life Insurance business (BOLI/COLI), to Wilton Re, ... Read the full article
