Fitch Affirms Wilton Re’s Ratings; Outlook Stable October 8th, 2015 Fitch Ratings has affirmed the ‘A+’ Insurer Financial Strength (IFS) ratings of Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, Wilton Reassurance Life Company of New York, Texas Life Insurance Company, and Conseco Life Insurance Company (collectively referred to as Wilton Re). Fitch has also affirmed […]
Wilton Re Completes Acquisition of Transamerica Life Canada July 31, 2015 (Wilton, Connecticut) Today, Chris Stroup, Chairman and CEO of Wilton Re, confirmed the successful completion of the sale of Transamerica Life Canada to Wilton Re. The previously announced sale consists of Transamerica Life Canada, Canadian Premier Life, Legacy General Insurance Company, Aegon Capital Management, […]
A.M. Best Affirms Ratings of Wilton Re Holdings Limited and Its Subsidiaries April 24, 2015 (Wilton, CT) A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of Wilton Reinsurance Bermuda Limited (Bermuda), Wilton Reassurance Company (Minneapolis, MN), Texas Life Insurance Company (Waco, […]
Wilton Re Announces the Agreement to Acquire Transamerica Businesses in Canada from Aegon N.V. October 16, 2014 (Wilton, Connecticut) Today, the board of directors of Wilton Re Ltd (“Wilton Re”) announced the execution of definitive agreements to acquire the majority of the Aegon N.V. operations in Canada for C$600 million, consisting of Transamerica Life Canada, […]
Wilton Re Completes Acquisition of Continental Assurance Company from CNA Financial Corporation August 1, 2014 (Wilton, Connecticut) – Today, Wilton Re completed the previously announced acquisition of Continental Assurance Company (“CAC”) from CNA Financial Corporation (“CNA”). Wilton Re will transfer a majority of the operations for the business to its administrative services platform after a […]
Wilton Re Completes Acquisition of Conseco Life Insurance Company from CNO Financial July 1, 2014 (Wilton, Connecticut) – Today, Wilton Re completed the acquisition of Conseco Life Insurance Company (“CLIC”) from CNO Financial Group (“CNO”). Wilton Re’s U.S. operating company, Wilton Reassurance Company, has acquired 100% of the common stock of CLIC, a wholly owned […]
Fitch Upgrades Wilton Re On CPPIB Acquisition June 30, 2014 (Wilton, Connecticut) – Today, Fitch Ratings upgraded the Insurer Financial Strength (IFS) ratings of Wilton Re following the closing of the acquisition of the company by Canada Pension Plan Investment Board (“CPPIB”). The ratings apply to Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, Wilton Reassurance […]
Canada Pension Plan Investment Board Completes acquisition of Wilton Re June 30, 2014 (Wilton, Connecticut) Today, Canada Pension Plan Investment Board (“CPPIB”) completed the acquisition of Wilton Re Limited Holdings (“Wilton Re”) and its subsidiaries for total cash and consideration of US$1.8 billion. The transaction involves the 100% stock acquisition of Wilton Re Holding Limited, […]
A.M. Best Affirms Ratings of Wilton Re Holdings Limited and Its Subsidiaries April 25, 2014 (Wilton, CT) A.M. Best has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of Wilton Reinsurance Bermuda Ltd., Wilton Reassurance Company (Minneapolis, MN), Texas Life Insurance Company (Waco, TX), Heritage Union Life Insurance […]
Fitch and A.M. Best Comment on CPPIB Acquisition Announcement March 26, 2014 (Wilton, CT) Fitch Ratings has placed the ratings of Wilton Re on Rating Watch Positive following the announcement on March 21 that Canada Pension Plan Investment Board (“CPPIB”) will be acquiring the stock of Wilton Re Holdings Limited. The ratings announcement relates to […]