Wilton Re
Wilton Re is a leading provider of in force and reinsurance solutions in the North American life insurance industry, specializing in the acquisition of life insurance and annuities, and offering a range of administrative and risk management services.
Company Overview
Wilton Re is a leading provider of in force and reinsurance solutions in the North American life insurance industry. The company specializes in managing clients' legacy issues to promote operating efficiencies, free up capital and resources, and support strategic growth. Wilton Re is also involved in new business initiatives, providing capital support and continuity of product offerings for their clients' distribution networks.
Insurance Products
Wilton Re offers a variety of insurance products to the U.S. worksite through its direct insurance company, Texas Life. Texas Life, founded in 1901, is Wilton Re’s core operating subsidiary for worksite life insurance products and services. The company provides simple life insurance products tailored to the middle market, distributed through voluntary worksite markets, call centers, and traditional agent channels. Texas Life consistently ranks among the top companies in the U.S. for permanent life insurance in the worksite market.
Reinsurance and Risk Capital Services
Wilton Re specializes in the acquisition of in force life insurance and annuities, providing risk capital and related services including reinsurance and administrative solutions for legacy and run-off blocks of business. Notably, in 2018, Wilton Re executed a reinsurance transaction for $2.7 billion of legacy comprehensive and nursing home LTC insurance policies with CNO Financial Group. The company also offers longevity hedging and swap solutions through reinsurance or financial instruments.
Administrative Solutions
Wilton Re provides a comprehensive suite of administrative services including a BPO-based administrative services platform, policyholder services, and full call center operations. Their systems and services cater to policyholders and agent support, ensuring ongoing support for policyholders. The company has successfully transitioned and converted over 18 transactions, 23 legacy conversion systems, and over 1.9 million policies.
Ownership and Investments
Wilton Re is owned by the Canada Pension Plan Investment Board (CPPIB). Since 2005, the company has invested more than $3.2 billion in acquisitions, demonstrating its substantial role in the industry. Wilton Re also provides strategic partnerships with clients for larger, strategic acquisitions, leveraging its in force management, structuring alternatives, and integration capabilities to enhance competitiveness.