Sagicor Financial completed the acquisition of ivari from Wilton Re for $250m.

Sagicor Financial, a financial services provider, completed the acquisition of ivari, a provider of a full range of insurance products, from Wilton Re, a provider of in force and reinsurance solutions, for $250m. “This is a significant day in the proud history of Sagicor. The Canadian market, with which the Caribbean has many ties, is a natural one for Sagicor to grow into. ivari is a great fit; its product portfolio aligns with our strength in individual life insurance, their team’s strong culture mirrors ours, and it is financially attractive. Adding ivari immediately enhances our earnings generation, expands our asset base in a highly rated investment grade jurisdiction, and provides an attractive avenue for growth," Andre Mousseau, Sagicor President and CEO.