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Wilton Re has completed its acquisition of Conseco Life Insurance Company (“CLIC”) from CNO Financial Group (“CNO”). Wilton Re’s U.S. operating company, Wilton Reassurance Company, has acquired 100 percent of the common stock of CLIC, a wholly owned subsidiary of CNO consisting of traditional and interest sensitive life insurance policies and deferred annuities in runoff. 

Wilton Re will transfer all operations for the business to its administrative services platform after a transition period.  As part of the agreement, Bankers Life and Casualty Company, one of CNO’s wholly owned life insurance subsidiaries, has recaptured $160 million of traditional life reserves previously reinsured to Wilton Re.

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