Constellation Institutional Markets, a specialist in financial and insurance solutions for large institutions, and part of Constellation Insurance, Inc., has announced that it is re-entering the pension risk transfer (PRT) market.
With this move, the company aims to expand its institutional capabilities and long-term retirement solutions offering.
Through its insurance affiliates, Constellation Institutional Markets now offers group annuity contracts. These solutions are intended to assist plan sponsors in mitigating pension risks and enhancing balance sheet stability while ensuring the ongoing delivery of participant benefits.
Brij Grewal, president, Constellation Institutional Markets, said: “Re-entering the PRT market is a natural extension of our institutional strategy and a strong reflection of our expertise in managing long-duration liabilities.
“Building upon a successful 40-year track record of servicing a legacy book of PRT business, we remain committed to putting annuitants first through a disciplined, prudent, and long-term approach that delivers confidence to plan sponsors and security to their participants.”
Leveraging its robust financial position, credit ratings, and institutional backing, the firm uses its multifaceted proficiency in insurance and asset management support long-term pension obligations.
