# SILAC Insurance Company SILAC Insurance Company is an Insurance based in Salt Lake City, United States. ## Overview - **Organization type:** Insurance - **Headquarters:** Salt Lake City, United States - **Region:** North America - **Address:** 299 South Main Street, Suite 1100, Salt Lake City, UT 84111, United States - **Founded:** 1935 - **Assets under management:** Undisclosed - **Website:** silacins.com - **LinkedIn:** https://www.linkedin.com/company/silacins ## Regulatory record - **Reports private funds:** No ## About SILAC Insurance Company opened its doors in 1935 and spent most of its history as a quiet, regional carrier. That changed under Stephen C. Hilbert, who assembled an operating structure that intertwined the insurer with BTTF Capital, LLC — an entity that holds a 30 percent stake in SILAC, Inc. — and ultimately attracted Hildene Capital Management as a strategic acquirer. The Salt Lake City headquarters on South Main Street now anchors a national annuity platform that sells fixed index and multi-year guarantee annuities through independent agents. The firm's investment approach departs from the standard life-company mix of investment-grade corporates and agency mortgages. SILAC's general account holds commercial mortgage loans across the United States, structured credit and private assets, and direct equity in mixed-use properties — including 535 Grand Street in Brooklyn and Edge View in Salmon, Idaho. It also participates in life settlements, a corner of the insurance market that demands actuarial pricing and liquidity trade-offs few carriers accept. Annuity liabilities are managed alongside these assets, with separate service centers handling fixed index business and multi-year guarantee annuities. SILAC operates from a single office in Salt Lake City and runs additional insurance lines — Medicare supplement plans, long-term care coverage, and traditional life policies — that widen its distribution touchpoints. The company also adheres to the Insured Retirement Institute's Digital First for Annuities standards, a compliance posture that matters for distributors who must meet evolving electronic-delivery rules. In 2024, Hildene Capital Management completed the acquisition of SILAC's parent entity, installing G. Daniel Acker as incoming CEO alongside his existing president and chief marketing officer roles (Altss estimate). SILAC's structural footprint is defined by the sequencing of control. BTTF Capital retained a 30 percent minority stake in SILAC, Inc. post-acquisition, which means Hildene's credit-manager DNA operates alongside a meaningful legacy economic interest. This setup creates a vehicle that can source assets through Hildene's origination pipeline while running a regulated insurance balance sheet that generates permanent capital from annuity premiums — a combination that resembles the Apollo-Athene model in miniature, built around structured credit rather than the private-equity-plus-annuity playbook. ## Sectors - Insurance - Financial Services - Real Estate - Structured Credit & Private Assets ## People - G. Daniel Acker — President, Chief Marketing Officer & Incoming CEO - Stephen C. Hilbert — Former Chairman and CEO, Founder ## Questions ### Who controls SILAC Insurance Company? Hildene Capital Management acquired SILAC, Inc. — the parent entity — in 2024 and appointed G. Daniel Acker as incoming CEO. BTTF Capital, LLC, an entity tied to founder Stephen C. Hilbert, retained a 30 percent minority stake in SILAC, Inc. as part of the transaction. ### What makes SILAC's general-account portfolio unusual for an insurer its size? Most small-to-midsize life insurers concentrate their general accounts in investment-grade corporate bonds and agency mortgage-backed securities. SILAC instead allocates meaningfully to commercial mortgage loans, structured credit and private assets, direct real estate equity, and life settlements — asset classes that carry illiquidity premiums and require in-house underwriting expertise. ### What real estate does SILAC own directly? The firm holds at least two mixed-use properties: 535 Grand Street in Brooklyn, New York, and Edge View in Salmon, Idaho. These are general-account assets, not separate-property-company investments. ### How does SILAC's annuity distribution work? SILAC sells fixed index annuities and multi-year guarantee annuities through independent agents. The company maintains separate service centers for each product line, operating out of the Salt Lake City headquarters and a Winston-Salem, North Carolina operation for Medicare supplement and life insurance lines. It follows the Insured Retirement Institute's Digital First for Annuities standards, which governs electronic delivery and e-signature compliance for distributors. ## Related profiles - [SIIF Impact Capital](https://altss.com/profile/siif-impact-capital) - [Silas Capital](https://altss.com/profile/silas-capital) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/silac-insurance-company Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology