Market Overview

LTCG to Provide Administration to Wilton Re in Support of Its Transformative Reinsurance Transaction with CNO Financial


has entered into a strategic contract to support Wilton Re in the
administration of long-term care insurance (LTCi). On August 1, CNO
Financial Group announced that its wholly-owned subsidiary, Bankers Life
and Casualty Company, signed a long-term care insurance indemnity
reinsurance agreement with Wilton Re. This agreement covers nursing home
and comprehensive LTCi forms sold prior to 2003.

The transaction is anticipated to close no later than the end of 2018.
Wilton Re has selected LTCG to administer these 70,000 policies and
approximately 8,000 active claims. After closing, CNO Financial will
continue to provide administration services for these policies on behalf
of Wilton Re during the transition to the LTCG platform.

LTCG is widely regarded as the most experienced LTCi administrator in
the business today, providing services to all of the top long-term care
insurers. Wilton Re will provide reinsurance for these policies while
LTCG will offer a complete processing solution which includes policy
administration, care management, claims payments, benefit eligibility
assessments, actuarial analysis and financial reporting.

Due to the current challenges facing LTC insurers and the rising number
of claims overall, many carriers are increasingly looking to reduce
their financial exposure while also enhancing their claims management
capabilities. LTCG is able to meet these needs through extensive LTC
market data, a state-of-the-art claims system and industry best
practices that are integrated with wellness and recovery programs,
provider solutions and fraud detection.

"We are very excited to join Wilton Re as strategic partners in this
significant opportunity," said Peter
, CEO of LTCG. "We think the combination of Wilton Re's
risk transfer solution paired with our administrative and claims
capabilities is exactly what the market is looking for."

About LTCG

LTCG is the leading provider of administrative solutions and clinical
services to the long-term care and life insurance industries, with over
two decades of experience in this space. LTCG currently manages over one
million policies and serves more than 90 carriers nationwide. The
company addresses all types of customer needs and policy
requirements—from application processing and underwriting of new
business to claims and administration of open and closed blocks. LTCG's
advanced data analytics, actuarial and risk management capabilities and
unmatched industry expertise can help organizations manage their
business and develop emerging products such as hybrid life/long-term
care policies. LTCG also provides clients with unique risk management
insights built upon the industry's largest database of long-term care
underwriting and claims outcomes and helps carriers bend the cost curve
through innovative provider solutions and wellness programs. For more
information, visit

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