Hildene to scale insurance business solutions with acquisition of SILAC

Hildene Capital Management has entered into a definitive statement to get SILAC Insurance Company’s genitor operation, SILAC, marking a measurement guardant successful the maturation of Hildene's security solutions platform.

The acquisition volition spot Hildene acquisition each outstanding communal equity of SILAC for astir $550m successful cash, taxable to regulatory support and customary closing conditions.

It is expected to fortify Hildene’s quality to present concern and hazard absorption strategies that payment SILAC’s policyholders.

SILAC, based successful Indiana, US, operates successful 48 states and the District of Columbia.

The transaction follows the 2022 strategical number concern by Hildene successful SILAC and a existent reinsurance statement betwixt SILAC and reinsurer Hildene Re SPC.

Hildene has managed a portion of the concern portfolio of SILAC since 2023.

After the transaction is completed, Hildene is expected to widen its concern absorption narration with SILAC to see each of its concern assets.

As of 30 September 2025, SILAC reported superior and surplus of astir $505m and full admitted assets of apprximately $10bn.

Last year, SILAC originated astir $2.5bn of annuities, chiefly fixed indexed annuities.

Upon closing of the acquisition, SILAC's existent main selling serviceman and president, G Daniel Acker, volition go CEO.

Stephen Hilbert volition measurement down from his existent CEO position.

The closure of the transaction is anticipated successful mid-2026, pending regulatory approvals. Jefferies is acting arsenic fiscal advisor and Kirkland & Ellis arsenic ineligible advisor to Hildene.

Piper Sandler & Co and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo are serving arsenic SILAC’s fiscal and ineligible advisors, respectively.

Hildene co-chief concern serviceman and president Brett Jefferson said: “The acquisition of SILAC volition fortify their quality to service the semipermanent interests of its policyholders portion broadening Hildene's merchandise offerings and enhancing our level and origination capabilities.

“Since its inception, Hildene has been a pioneer successful recognition investing, consistently maintaining a disciplined attack to plus management.”

"Hildene to standard security concern solutions with acquisition of SILAC" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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