Reinsurance News
Venerable
Corebridge closes Individual Retirement variable annuity deal with Venerable
5th January 2026
Corebridge Financial, Inc., an American multinational financial services company, has successfully closed the final portions of the variable annuity reinsurance deal with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. The transaction included the reinsurance of all Individual Retirement variable annuities issued by The United States Life ... Read the full article
Venerable expands Findleton’s role to Head of Flow Reinsurance
3rd December 2025
Venerable, a privately held company that owns and manages legacy variable annuity business, has expanded Alexandra Findleton's role at the firm to include serving as Head of Flow Reinsurance. The move aims to position the firm to accelerate growth in this new organisational capability and advance its overall growth strategy, which ... Read the full article
Corebridge closes largest portion of variable annuity reinsurance deal with Venerable
4th August 2025
Corebridge Financial, Inc. has announced the successful closure of the largest portion of its previously announced reinsurance agreement with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. The transaction, which reinsures all Individual Retirement variable annuities issued by American General Life Insurance Company (AGL), marks a significant ... Read the full article
Corebridge & Venerable enter $2.8bn variable annuity transaction
26th June 2025
Corebridge Financial has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, to reinsure all the variable annuities of its Individual Retirement business. Explained, Venerable is set to reinsure approximately $51 billion of variable annuity business from Corebridge's insurance subsidiaries American General Life Insurance Company (AGL) and ... Read the full article
Venerable appoints Alvites VP, Head of Audit and Ellis as VP, Compliance
28th March 2025
Venerable, owner and manager of legacy variable annuity business, has announced the appointment of George Alvites and Angie Ellis as Vice President, Head of Audit and Vice President, Compliance, respectively. The firm also announced the promotion of Susan Clark and Alexandra Findleton to Vice President roles. Alvites brings to his new role ... Read the full article
Venerable novates block of variable annuities from Equitable
11th March 2025
Venerable Holdings, a provider of risk transfer solutions to variable annuity issuers, has announced the successful transfer of a legacy block of novated variable annuity contracts from Equitable Financial Life Insurance Company, to its administrative platform. The novated legacy block includes deferred and payout annuities from Equitable’s Accumulator® Series 06, 07, ... Read the full article
Venerable Holdings to recapture annuity blocks from Athene
1st June 2023
Venerable Holdings, a provider of risk transfer solutions to variable annuity issuers, is to recapture approximately $2.8 billion of payout annuity reserves from Athene. In a recent announcement, Venerable stated it has agreed for its wholly-owned subsidiary Venerable Insurance and Annuity Company (VIAC), to recapture the annuity blocks from the retirement ... Read the full article
Venerable appoints John Herlihy to new roles within its risk organisation
13th January 2023
Venerable Holdings, Inc., a provider of risk transfer solutions to variable annuity issuers, has announced the appointment of John Herlihy as Senior Vice President, Head of Trading and Co-Head of Hedging. In the new role, Herlihy will have responsibility for managing derivatives trading efforts and Venerable's variable annuity hedge portfolio. He is ... Read the full article
Venerable & Manulife close $22bn variable annuity reinsurance transaction
1st February 2022
Manulife Financial Corporation's subsidiary, John Hancock Life Insurance Company (U.S.A.), has completed its previously announced $22 billion reinsurance transaction with Corporate Solutions Life Reinsurance Company, a subsidiary of Venerable Holdings, Inc. The arrangement see Venerable reinsure roughly $22 billion of variable annuity business from Manulife's U.S. subsidiary John Hancock. On a pro ... Read the full article
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