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PR Newswire·

Sun Life and Wilton Re announce a strategic partnership, combining depth and breadth of capabilities across life and annuity reinsurance and asset management

  • Wilton Re & Sun Life Financial Inc. entered a definitive agreement to form Windsor Life Re, a U.S. & Bermuda-domiciled affiliated reinsurer.
  • Windsor Life Re will be managed by Wilton Re with SLC Management serving as the lead asset manager for its investments.
  • The new vehicle aims to manage up to US$10 billion in assets at scale, anchored by approximately US$900 million in initial strategic capital.
  • Sun Life & Wilton Re each contribute approximately one-third of the total equity capitalization, with the remainder provided by other investors.
  • Windsor Life Re will reinsure an initial in-force block of approximately US$1.7 billion from Wilton Re.
  • Future business cession from Wilton Re to Windsor Life Re will occur on a quota share basis.
  • The partnership is expected to launch in the first half of 2027, subject to regulatory approvals & customary closing conditions.
  • Jefferies acted as financial advisor to Sun Life, while Ardea Partners LP & Wells Fargo served as financial advisors to Wilton Re.
  • The collaboration combines Wilton Re's in-force life & annuity reinsurance expertise with Sun Life's insurance & asset management capabilities.
  • SLC Management leverages its multi-asset investment platform to manage Windsor Life Re's portfolio.