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Sun Life and Wilton Re to launch strategic reinsurance venture

The partnership plans to deploy about $900 million in capital and reinsure an initial $1.7 billion in-force life block, with a target launch in the first half of 2027.

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Sun Life Financial and Wilton Re have entered into a definitive agreement to create a strategic reinsurance and asset management partnership, combining Wilton Re’s liability management expertise with Sun Life’s insurance and asset management capabilities, Coverager reports.

Under the deal, Wilton Re will establish Windsor Life Re, a U.S. and Bermuda-domiciled reinsurer designed to support growth of Wilton Re’s core in-force life and annuity block origination in the U.S. SLC Management will serve as the lead asset manager for Windsor Life Re’s investments.

The partnership is expected to deploy approximately $900 million of capital, with Sun Life and Wilton Re each contributing about one-third of the total equity capitalization. Windsor Life Re will reinsure from Wilton Re an initial in-force block of about $1.7 billion, and future business will be ceded on a quota share basis.

At scale, Windsor Life Re is anticipated to grow to roughly $10 billion in assets. The new partnership is expected to launch in the first half of 2027, subject to required regulatory approvals and the satisfaction of customary closing conditions.

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