Canada Pension Plan Investment Board (CPPIB) News

UBS Hedge Fund to Manage Money for Bermuda Reinsurer Launched by Enstar

UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance company formed by insurer Enstar Group Ltd. Aligned Re Ltd. is expected to be funded by third-party capital along with investments from …

Best Affirms Wilton Re, U.S. Subs Ratings

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Wilton Reinsurance Bermuda Ltd., Wilton Reassurance Company, based in Minneapolis, Texas Life Insurance Company, Heritage Union Life Insurance Company, headquartered in …

Canada Pension Plan Board to Buy Wilton Re for $1.8 Billion

The Canada Pension Plan Investment Board (CPPIB) announced that it has agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity firms, the first foray by the global …