The deal will free up $1.2-billion in capital and allow the company to buy back up to approximately 2.8 per cent of common shares starting in February, 2024.
Venerable Announces Partnerships With Russell Investments and Franklin Templeton tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
Franklin Templeton Investment Solutions to Partner with New Venerable Investment Adviser to Design Funds and Select Money Managers for Venerable Variable Insurance Trust
Franklin Templeton.
WEST CHESTER, Pa., August 29, 2023 Venerable Holdings, Inc. ("Venerable") today announced plans to establish a Venerable-owned registered investment adviser ("VIA") and a variable insurance trust ("VIT") comprised of mutual funds managed by VIA that will serve as investment options for insurance company separate accounts. This initiative is part of our ongoing effort to grow and optimize our business and furthers our mission to provide innovative risk transfer solutions to companies with variab