Sun Life Financial Inc. and Wilton Re have agreed to establish a strategic reinsurance and asset management partnership, forming Windsor Life Re, a U.S. and Bermuda-domiciled reinsurer managed by Wilton Re.
SLC Management, Sun Life’s institutional alternatives asset manager, will serve as the lead asset manager for the new entity. Assets under management by Windsor Life Re are projected to reach approximately $10 billion at scale, with the partnership expected to deploy roughly $900 million of capital. Sun Life and Wilton Re will each contribute about one-third of the total equity capitalization.
Windsor Life Re will reinsure an initial in-force block of approximately $1.7 billion from Wilton Re, with future business to be ceded on a quota share basis. The partnership is slated to launch in the first half of 2027, pending regulatory approvals and customary closing conditions.
As of June 30, 2026, Sun Life reported total assets under management of C$1.70 trillion, while SLC Management’s assets under management stood at $316 billion. The agreement was announced on August 25, 2026.
Tom Murphy, President of Sun Life Asset Management, stated that the initiative aligns with the company’s strategic focus on opportunities at the intersection of insurance and asset management. Dmitri Ponomarev, CEO of Wilton Re, noted that Windsor Life Re will support Wilton Re’s growth by expanding capital resources and strengthening capabilities in the in-force life insurance and annuity market.
Financial advisors for Sun Life include Jefferies and Sidley Austin LLP, while Wilton Re’s advisors are Ardea Partners LP, Wells Fargo, and Debevoise & Plimpton LLP.
