Fitch affirms ‘A’ IFS Rating for Wilton Re; Outlook Stable
January 6, 2014
On January 6, 2014, Fitch Ratings affirmed an ‘A’ Insurer Financial Strength (IFS) ratings to Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, Wilton Reassurance Life Company of New York and Texas Life Insurance Company (collectively referred to as Wilton Re). At the same time, Fitch has affirmed a long-term Issuer Default Rating (IDR) of ‘BBB+’ to Wilton Re Holdings Limited. The Rating Outlook is Stable.
The ratings are based on Wilton Re’s consistently strong insurance earnings, balance sheet strength that includes strong capitalization across the operating subsidiaries, a conservative investment portfolio, ample liquidity and modest financial leverage. Additionally Wilton Re is led by a team with extensive industry experience, which has helped allay Fitch’s concerns about the company’s relatively short operating history. The full report can be accessed here
For more information please contact Ray Eckert at 203-762-4436 or at firstname.lastname@example.org
Additional information is also available at ‘www.fitchratings.com’.