Wilton Re Completes Acquisition of Transamerica Life Canada
July 31, 2015
(Wilton, Connecticut) Today, Chris Stroup, Chairman and CEO of Wilton Re, confirmed the successful completion of the sale of Transamerica Life Canada to Wilton Re. The previously announced sale consists of Transamerica Life Canada, Canadian Premier Life, Legacy General Insurance Company, Aegon Capital Management, Aegon Fund Management, CRI Canada and Selient, Inc.
In the coming months, Transamerica Life Canada will be undergoing a rebranding that will provide a unique, fresh identity for the Canadian market. Along with rebranding, this change is an opportunity to continue to offer valuable choices for the middle market in the Canadian insurance marketplace.
About Transamerica Life Canada
Transamerica Life Canada is one of Canada’s leading individual life insurance providers. Through a national network of independent distributors and advisors, Transamerica Life Canada helps people protect their families and plan for their financial future.
In 2014, Transamerica Life Canada had $966 million in gross premium revenue and by the end of the year the Company had $11.2 billion in total assets under management.