Deal Snapshot
Venerable to Acquire Corporate Solutions Life Reinsurance
Thursday 29 October 2020

US-based holding company Venerable Holdings, Inc. has agreed to a transaction with Equitable Holdings, Inc. (NYSE: EQH) that will double Venerable's total assets, the firm said.

Venerable has entered into a definitive agreement to acquire Corporate Solutions Life Reinsurance Company, a Delaware domiciled variable annuity reinsurance company, and will concurrently reinsure approximately USD 12bn of legacy variable annuity business from Equitable Financial Life Insurance Company, a New York domiciled insurance company.

Date Published: 29/10/2020