In late August 2026, Sun Life Financial Inc. announced that the company is partnering with Connecticut-based Wilton Re, to form Windsor Life Re, to manage Wilton Re’s core, in-force life and annuity block in the United States.
SLC Management will be the lead manager for Windsor Life Re’s investments. Sun Life representatives say bringing together Wilton Re’s expertise in acquiring and managing life and annuity liability with SLC’s investment management expertise will create additional scale for SLC and further strengthen its business. “At scale, Windsor Life Re is anticipated to grow to approximately US$10-billion in assets,” the company’s representatives tell the Insurance Portal.
The definitive agreement will see Sun Life and Wilton Re each contributing one-third of the total $900-million (figures in U.S. dollars) of capital needed to launch the venture. Sun Life would not comment on where the remaining portion of the new reinsurer’s equity capitalization would come from.
“Windsor Life Re will reinsure an initial in-force block from Wilton Re and future business is expected to be ceded by Wilton Re on a quota share basis,” the company adds. The partnership to create the U.S. and Bermuda-domiciled affiliated reinsurer is expected to launch in the first half of 2027.
In a statement announcing the partnership, Tom Murphy, president of Sun Life Asset Management says unlocking opportunities such as this is a key strategic goal for the company. “Our partnership with Wilton Re enhances our scale and presence in insurance asset management and provides strategic access to permanent capital to accelerate the growth of our global alternatives asset manager, SLC Management,” he states.
