Sun Life joins a US$900 million reinsurance venture in the US
Each of the two firms will contribute approximately one-third of the total equity capitalization, the announcement said, with the remainder unspecified. Windsor Life Re will reinsure an initial in-force block of about US$1.7bn from Wilton Re, and future business will be ceded on a quota share basis. The companies expect the reinsurer to hold about US$10bn in…