Fitch Downgrades Wilton Re’s Ratings Related to Revision in Ownership Uplift; Outlook Stable

Fitch Ratings – New York – 04 Aug 2022: Fitch Ratings has downgraded the Insurer Financial Strength (IFS) ratings of Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited (WREB), Wilton Re Overseas Limited, Wilton Reassurance Life Company of New York, Texas Life Insurance Company, Wilcac Life Insurance Company and ivari (collectively Wilton Re) to ‘A’ from ‘A+’. Fitch has also downgraded Wilton Re Ltd.’s Long­
Term Issuer Default Rating (IDR) to ‘BBB+’ from ‘A-‘. The Rating Outlook is Stable.

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