Wilton Re

NAIC#

60704

Corporate Owner & Structure

Owner: CPP Investments (Canada Pension Plan Investment Board).
- Detail: Wilton Re is 100% owned by the investment arm of the Canada Pension Plan, one of the largest pension funds in the world. They acquired Wilton Re in 2014 for $1.8 billion.
Business Model: Wilton Re is primarily a "Run-off" Specialist and Reinsurer.
- What this means: They typically do not sell new life insurance directly to consumers (with the exception of their subsidiary, Texas Life). Instead, they buy "closed blocks" of old policies from other insurance companies that want to exit that business. They then administer those policies until they pay out.

2005: Wilton Re is founded.
- Founders: Led by CEO Chris Stroup and a team of insurance executives, backed by private equity investors (including Stone Point Capital and Vestar Capital Partners).
- Mission: To provide "exit solutions" for major life insurers—essentially buying their unwanted older policies so the original companies could free up capital.
Headquarters: Originally established in Wilton, Connecticut (hence the name), though operations later moved to nearby Norwalk, CT.
2006: Acquires Texas Life Insurance Company.
- Significance: Unlike most of Wilton Re's purchases (which are closed blocks), Texas Life continues to actively sell voluntary permanent life insurance through employers.

2014 (March/June): CPP Investments acquires Wilton Re for $1.8 billion.
- Impact: This moved the company from private equity ownership to a long-term institutional owner with massive capital, allowing Wilton Re to make much larger acquisitions.

2014: Acquires Conseco Life Insurance Company from CNO Financial Group.
- Rebrand: This entity was renamed Wilco Life Insurance Company.
- Note: If you have an old Conseco policy, it is likely now serviced by Wilco (Wilton Re).
2014: Acquires Continental Assurance Company (CAC) from CNA Financial.
- Rebrand: This entity was renamed Wilcac Life Insurance Company.
- Portfolio: This included a massive block of structured settlements and annuities.

2015: Acquires Transamerica Life Canada from Aegon.
- Rebrand: The company was renamed ivari. It became a major independent insurer in Canada.
2017: Acquires a massive block of Payout Annuities and BOLI/COLI (Bank/Corporate Owned Life Insurance) from Transamerica (U.S.).
- Size: This transaction involved taking over administration for $14 billion in liabilities.

2021: Acquires Allstate Life Insurance Company of New York.
- Rebrand: Renamed Wilton Reassurance Life Company of New York.
2023: Sells ivari.
- Deal: Wilton Re sells its Canadian subsidiary, ivari, to Sagicor Financial Company Ltd.
- Strategy: This marked a shift back to focusing on the U.S. reinsurance and run-off market.

Because Wilton Re buys other companies, your policy might show one of these names on the statement, but it is all managed by the Wilton Re group:

U.S. Administrative Headquarters:20 Glover Avenue, 4th FloorNorwalk, CT 06850
Registered Office (Bermuda):Par-la-Ville Place, 14 Par-la-Ville RoadHamilton, HM 08 Bermuda
Phone (General): 203-762-4400
Policyholder Service (Wilco/Wilcac): 1-844-877-6907
- Note: Contact numbers vary wildly depending on which "block" you are in (Conseco block vs. CNA block). It is best to check the specific number on your most recent statement.

CPP Investments Press Releases: 2014 announcement of the $1.8B acquisition.
Wilton Re Corporate News: Archives regarding the 2014 CNO/Conseco deal and the 2017 Transamerica deal.
Sagicor Financial: 2023 press release detailing their purchase of ivari from Wilton Re.
AM Best: Financial rating reports describing the corporate structure and the role of "Wilco" and "Wilcac."

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