Hildene Capital Administration has entered right into a definitive settlement to amass SILAC Insurance coverage Firm’s mum or dad operation, SILAC, marking a step ahead within the development of Hildene’s insurance coverage options platform.
The acquisition will see Hildene buy all excellent widespread fairness of SILAC for roughly $550m in money, topic to regulatory approval and customary closing situations.
It’s anticipated to strengthen Hildene’s capacity to ship funding and danger administration methods that profit SILAC’s policyholders.
SILAC, primarily based in Indiana, US, operates in 48 states and the District of Columbia.
The transaction follows the 2022 strategic minority funding by Hildene in SILAC and a present reinsurance association between SILAC and reinsurer Hildene Re SPC.
Hildene has managed part of the funding portfolio of SILAC since 2023.
After the transaction is accomplished, Hildene is anticipated to widen its funding administration relationship with SILAC to incorporate all of its funding property.
As of 30 September 2025, SILAC reported capital and surplus of round $505m and complete admitted property of apprximately $10bn.
Final yr, SILAC originated round $2.5bn of annuities, primarily fastened listed annuities.
Upon closing of the acquisition, SILAC’s present chief advertising officer and president, G Daniel Acker, will turn out to be CEO.
Stephen Hilbert will step down from his present CEO place.
The closure of the transaction is anticipated in mid-2026, pending regulatory approvals. Jefferies is performing as monetary advisor and Kirkland & Ellis as authorized advisor to Hildene.
Piper Sandler & Co and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo are serving as SILAC’s monetary and authorized advisors, respectively.
Hildene co-chief funding officer and president Brett Jefferson stated: “The acquisition of SILAC will strengthen their capacity to serve the long-term pursuits of its policyholders whereas broadening Hildene’s product choices and enhancing our platform and origination capabilities.
“Since its inception, Hildene has been a pioneer in credit score investing, persistently sustaining a disciplined method to asset administration.”
“Hildene to scale insurance coverage enterprise options with acquisition of SILAC” was initially created and printed by Life Insurance coverage Worldwide, a GlobalData owned model.
The data on this web site has been included in good religion for normal informational functions solely. It isn’t meant to quantity to recommendation on which you must rely, and we give no illustration, guarantee or assure, whether or not specific or implied as to its accuracy or completeness. You have to acquire skilled or specialist recommendation earlier than taking, or refraining from, any motion on the idea of the content material on our web site.
