Wilton Re, a life reinsurance company specializing in the acquisition of in-force life insurance and annuities, negotiated its inaugural long-term care insurance transaction with CNO Financial Group. Our firm advised Wilton Re on the transaction, with statutory reserves of approximately $2.7 billion.
CNO subsidiary Bankers Life and Casualty ceded a sizeable portion of its legacy comprehensive and nursing home long-term care policies to Wilton Re in this transaction, playing to the life reinsurance company's strategic goals.
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