Corebridge Financial, Inc. has successfully closed on the final portions of an agreement with Corporate Solutions Life Reinsurance Company, a subsidiary of Venerable Holdings, Inc.
The transaction involved the reinsurance of all Individual Retirement variable annuities issued by The United States Life Insurance Company in the City of New York, a Corebridge insurance company subsidiary, and the sale of a related investment adviser and manager (SAAMCo).
This announcement follows the August 2025 transaction where Corebridge reinsured all Individual Retirement variable annuities issued by American General Life Insurance Company, another Corebridge insurance company subsidiary.
Transaction Closure
Corebridge Financial successfully finalized an agreement with Venerable, completing the reinsurance of all Individual Retirement variable annuities.
Strategic Expansion
The transaction strengthens Corebridge's position in providing retirement solutions and insurance products, enhancing its assets under management and administration.
Strengthened Partnerships
Corebridge collaborates with financial professionals and institutions to assist individuals in planning and achieving secure financial futures.
- The completion of this transaction significantly bolsters Corebridge Financial's offerings in the retirement solutions and insurance products sector.
- With over $380 billion in assets under management and administration as of September 30, 2025, Corebridge Financial solidifies its position as a major player in the industry.
The successful conclusion of the agreement with Venerable marks a significant milestone for Corebridge Financial, enhancing its capabilities in providing financial solutions and securing individuals' futures.