25 Largest Insurance Companies in the US by Assets insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.
Venerable Completes Acquisition of Corporate Solutions Life Reinsurance Company June 3, 2021
Venerable Holdings Inc. has completed its acquisition of Corporate Solutions Life Reinsurance Company (CS Life Re), a Delaware domiciled and New York licensed reinsurance company, from Equitable Holdings Inc.
With the close of this transaction, Venerable’s pro forma assets under management and reinsurance increase to approximately $70 billion.
On a pro forma basis, Venerable has more than doubled its general account assets from $9 billion to $19 billion, in addition to more than $51 billion in separate account reinsured.
The transaction includes reinsurance of a legacy variable annuity block from Equitable Financial Life Insurance Company with the combined deal representing $36.5 billion of underlying account value and general account assets. Venerable has also reinsured its existing business into CS Life Re.
Venerable Completes Acquisition from Equitable Holdings
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WEST CHESTER, Pa., June 1, 2021 /PRNewswire/ Venerable Holdings, Inc. ( Venerable ) today announced the completion of its acquisition of Corporate Solutions Life Reinsurance Company ( CS Life Re ), a Delaware domiciled and New York licensed reinsurance company, from Equitable Holdings, Inc. (NYSE: EQH) ( Equitable Holdings ). With the close of this transaction, Venerable s pro forma assets under management and reinsurance increase to approximately $70 billion.
On a pro forma basis, Venerable has more than doubled its general account assets from $9 billion to $19 billion, in addition to over $51 billion in separate account reinsured. The transaction includes reinsurance of a legacy variable annuity block from Equitable Financial Life Insurance Company with the combined deal representing $36.5 billion of underlying account value and general account assets. Venerable has
Equitable Financial to leave HQ at Trump/Vornado building for 1345 Sixth Ave crainsnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsnewyork.com Daily Mail and Mail on Sunday newspapers.
Fisher Brothers has signed a 130,000 s/f office lease with Equitable
Financial Life Insurance Company at 1345 Avenue of the Americas.
The leading financial services organization will relocate from
1290 Avenue of the Americas to multiple floors of the midtown tower.
“We’re thrilled to welcome Equitable Financial Life Insurance Company to 1345 Avenue of the Americas. When they move into the building, they’ll have access to a host of unparalleled experiences including an AR enhanced public art activation, outdoor space that includes unique high-end dining, our world-class amenity center @Ease1345 designed designed in collaboration with David Rockwell, and our soon-to-be-announced tenant app,” said Ken Fisher, Partner at Fisher Brothers.