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Fitch Affirms Wilton Re’s Ratings

August 8th, 2018

(Norwalk, CT) Fitch Ratings has re-affirmed on August 1, 2018 the ‘A+’ Insurer Financial Strength (IFS) ratings of Wilton Reassurance Company (WRAC), Wilton Reinsurance Bermuda Limited, Wilton Reassurance Life Company of New York, Texas Life Insurance Company and Wilco Life Insurance Company (collectively referred to as Wilton Re), as well as ivari. Fitch has also affirmed Wilton Re Ltd.’s Long-Term Issuer Default Rating (IDR) at ‘A-‘ following the announcement that Wilton Re plans to reinsure a block of long-term care (LTC) business from an indirect subsidiary of CNO Financial Group, Inc. (CNO).

The Rating Outlook is “Stable”.

On April 20, 2018, Fitch Ratings had affirmed the ‘A+’ Insurer Financial Strength (IFS) ratings of Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, Wilton Reassurance Life Company of New York, Texas Life Insurance Company and Wilco Life Insurance Company (collectively referred to as Wilton Re), as well as ivari. Fitch has also affirmed the long-term Issuer Default Rating (IDR) of Wilton Re Ltd. at ‘A-‘. The Rating Outlook was also “Stable”.

For a complete list of rating actions, please go here.

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