Debevoise & Plimpton LLP is advising Wilton Re Ltd, a leading provider of In Force Solutions, on its acquisition of Aegon Transamerica’s two largest U.S. run-off businesses: the payout annuity business and the bank owned/corporate owned life insurance business (BOLI/COLI).
In total, Wilton Re will assume $14 billion of general account and separate account liabilities through administrative reinsurance agreements with Transamerica subsidiaries. The transaction is expected to close this summer.
The Debevoise team is led by partner Marilyn A. Lion and includes partners Nicholas F. Potter and Peter F.G. Schuur and associates Joseph M. Binder, Kristen A. Matthews, Khrystyna Rayko and Leron Solomon.
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