Wilton Re

Wilton Re is best known as a specialist in acquiring and managing in-force life insurance and annuity blocks. In 2014, CNO Financial Group announced a definitive agreement to sell Conseco Life Insurance Company - described as consisting primarily of closed block interest-sensitive and traditional life insurance and annuities - to Wilton Re, noting the transaction would reduce statutory run-off reserves by $3.4 billion.[1] Wilton Re's own announcement describes completing that acquisition, reflecting how run-off portfolios can change hands when they are non-core to one owner but core to another.[2]

CNO later announced the sale was successfully completed, further documenting the transaction path and closing mechanics.[3] The acquisition illustrates how reinsurance and block transactions can function as a business model, not just a risk-management tool. By taking on mature blocks, Wilton Re focuses on servicing, investment strategy, and capital optimization over multi-decade horizons.[1][2]

In a world of changing reserving standards, interest-rate regimes, and policyholder behavior, the opportunity for a run-off specialist is scale and expertise: portfolios that may be non-core to a seller can become core to an acquirer designed around long-duration management. Public transaction disclosures and press releases show Wilton Re's role in this consolidation niche clearly.[1][2][3] For sellers, these transactions can free capital and management attention; for Wilton Re, they deepen scale in a specialized segment where servicing quality and investment discipline drive results.

Sources: [1] https://cno.mediaroom.com/press-releases?item=590 ; [2] https://www.wiltonre.com/wilton-re-completes-acquisition-of-conseco-life-insurance-company-from-cno-financial/ ; [3] https://www.prnewswire.com/news-releases/cno-financial-group-closes-sale-of-conseco-life-insurance-company-265430351.html