Press Release - AUGUST 02, 2018
A.M. Best Comments on Credit Ratings of Wilton Reassurance Company and Its Subsidiaries Following Announced Transaction
FOR IMMEDIATE RELEASE
OLDWICK - AUGUST 02, 2018
Under the terms of the agreement, Wilton will assume 100% of the LTC claims for the block reinsured from Bankers Life. This is Wilton Re’s first LTC transaction. While the impact to Wilton Re’s balance sheet is material given the size of the acquired blocks, A.M. Best notes that pro-forma risk-adjusted capitalization will remain supportive of Wilton Re’s current ratings. The transaction is expected to close in the third quarter of 2018, pending regulatory approval and other customary closing conditions.
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