India, Aug. 25 -- Sun Life Financial Inc. (SLF) and Wilton Re on Tuesday said they have agreed to establish a strategic reinsurance and asset management partnership, including the formation of Windsor Life Re, a U.S. and Bermuda-domiciled affiliated reinsurer.
Wilton Re will manage Windsor Life Re, while SLC Management, Sun Life's global institutional alternatives asset manager, will serve as the lead asset manager. Windsor Life Re is expected to grow to approximately $10 billion in assets under management.
The partnership is expected to deploy about $900 million of capital, with Sun Life and Wilton Re each contributing about one-third of the total equity capitalization. Windsor Life Re will initially reinsure an in-force block of approxi...