Firms bought out

Wilton Re Ltd., a life reinsurance company based in Bermuda, has purchased Transamerica Life Canada of Toronto. Wilton Re also has agreed to pay $600 million for the Canadian businesses of Netherlands-based Aegon NV, which also includes Canadian Premier Life, Legacy General Insurance Co., CRI Canada and Selient Inc. As part of the deal, Wilton Re, which was acquired by the Canada Pension Plan Investment Board this year, also has acquired Aegon Capital Management Inc. and Aegon Fund Management Inc. The transaction does not include Toronto-based World Financial Group Insurance Agency of Canada Inc. The acquisitions, which are subject to regulatory approval, are expected to close during the first quarter of 2015.

(fcollie@investmentexecutive.com).