On August 25, 2022, Wilton Re Ltd. (Wilton Re) disclosed its agreement to sell the Toronto-based life insurance company, ivari, to Sagicor Financial Company Ltd. (Sagicor). As of 2021, ivari, a leading individual life insurance provider in Canada, managed assets totaling C$11.0 billion. Wilton Re had previously taken over ivari's operations in 2015. The anticipated completion of the sale to Sagicor is in early 2023, pending regulatory consent and customary conditions. Dmitri Ponomarev, CEO of Wilton Re, praised ivari's value under Wilton Re's ownership and voiced confidence in ivari's future growth in the Canadian landscape under Sagicor. He also emphasized Wilton Re's intent to center on its administrative reinsurance strategy. Mike Greer, the Chair of ivari's board, commended the collaboration between Wilton Re and ivari, crediting the management for strengthening the business through their strategic efforts. The deal reflects Wilton Re's commitment to refining its business model and offering tailored solutions for life insurance providers. Sam Blaichman of Canada Pension Plan Investment Board (CPP Investments) recognized Wilton Re's innovative client solutions over the past eight years. CPP Investments has held a majority stake in Wilton Re since 2014. For this transaction, Wilton Re engaged Wells Fargo Securities, Goldman Sachs & Co. LLC, Torys LLP, and Debevoise & Plimpton LLP as advisors.