Wilton Reassurance Life Company of New York
| Primary URL | Location | Industry | wiltonre[.]com |
Country
United States of America
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Financial Services
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Profile
Wilton Reassurance Life Company of New York operates as a life insurance and reinsurance provider. The company offers life insurance policies that provide death benefit protection to policyholders. It also provides annuity products designed to deliver income streams for retirement or other long‑term financial needs. Its services are directed toward individual policyholders, insurance agents who distribute the products, and the beneficiaries named in the contracts. The organisation’s headquarters is located in the United States of America.
As a regulated insurer, the firm is subject to state insurance laws, including Delaware's Insurance Data Security Act. This act imposes specific cybersecurity and data protection requirements on licensed insurers operating in Delaware. The company’s specialization in life reinsurance involves assuming mortality and longevity risk from other insurers. This focus distinguishes it from primary insurers that underwrite policies directly with consumers. Its role in the reinsurance market contributes to the overall capacity and stability of the U.S. life insurance sector.
On June 26, 2023, Wilton Reassurance Life Company of New York experienced a cybersecurity incident. The breach originated from a vulnerability in the MOVEit file transfer system used by a third‑party vendor. The incident was part of a broader series of MOVEit‑related breaches affecting multiple organisations across various industries. Personal data belonging to policyholders, insurance agents, and beneficiaries was exposed as a result of the breach. In response to the incident, the company notified all affected individuals in accordance with applicable state law. As part of its remediation, the organisation offered complimentary credit monitoring services for a minimum of twelve months. The response also triggered regulatory mandates under Delaware's Insurance Data Security Act, requiring timely reporting and mitigation. The event highlighted the importance of managing third‑party vendor risks, particularly concerning file‑transfer solutions. While the breach posed challenges, the firm’s adherence to notification and credit‑monitoring obligations demonstrated compliance with legal requirements.