Transaction|October 3, 2023

Sagicor completes acquisition of ivari

Torys acted as counsel to Wilton Re with a team that included Guy Berman, Justin Crawford and Nick Tomazos (corporate/M&A), Blair Keefe, Eli Monas and William Walters (financial services regulatory), Omar Wakil and Ian Li (competition) and Jerald Wortsman and Steve Marshall (tax).

On October 3, 2023, Sagicor Financial Company Ltd. ("Sagicor"), a leading financial services provider in the Caribbean with a growing presence in the U.S., announced the completion of its previously announced acquisition of ivari, a subsidiary of Wilton Re Ltd. (“Wilton Re”), for a consideration of C$375 million, paid in cash.

Further information can be found on Canada Newswire’s website.

Sagicor is a leading financial services provider in the Caribbean, with over 180 years of history, and has a growing presence as a provider of life insurance products in the United States.

ivari is a leading middle-market individual life insurer in Canada with over 80 years of history in the region. ivari provides individual life and critical illness insurance solutions for the Canadian middle-market.