A.M. Best Affirms Credit Ratings of Wilton Re Ltd and Its Subsidiaries
A.M. Best Affirms Credit Ratings of Wilton Re Ltd and Its Subsidiaries
August 8th, 2018
(Norwalk, CT) A.M. Best has commented that the Credit Ratings of Wilton Reassurance Company (Wilton Re) (Minneapolis, MN) and its insurance subsidiaries remain unchanged following the August 1, 2018, announcement that Wilton Re has reached a definitive agreement to reinsure a $2.7 billion block of long-term care (LTC) insurance policies issued by Bankers Life and Casualty Company (Bankers Life) (Chicago, IL).
A.M. Best affirmed on June 21, 2018 the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Wilton Reinsurance Bermuda Limited (Bermuda), Wilton Reassurance Company (Minneapolis, MN), Texas Life Insurance Company (Waco, TX), Wilton Reassurance Life Company of New York (Rye Brook, NY), Wilcac Life Insurance Company (Jacksonville, IL) and Wilco Life Insurance Company (Carmel, IN), collectively referred to as Wilton Re.
The outlook of all these Credit Ratings remains stable.
The ratings reflect Wilton Re’s very strong balance sheet strength, as well as strong operating performance, favorable business profile and appropriate enterprise risk management.
Please go here for the updated full A.M. Best release.