Sun Life and Wilton Re announce a strategic partnership focused on life and annuity reinsurance and related asset management activities. The companies say Wilton Re will establish a new affiliated reinsurer, Windsor Life Re, to support the venture.
According to the announcements, Windsor Life Re is domiciled in the U.S. and Bermuda and is supported by long-term strategic capital commitments from both Wilton Re and Sun Life. Wilton Re will manage the new entity. Sun Life’s institutional alternatives capabilities are intended to be brought into the partnership through SLC Management, an asset management unit referenced in the releases.
Across the outlets provided, the coverage largely aligns on the core structure of the deal: creation of the reinsurer, the management arrangement, and the linkage to asset management. Differences are mainly in emphasis and phrasing, with some outlets describing the arrangement as a joint venture or partnership, while others focus on the combined capabilities across reinsurance and investment management.
