Corebridge inks $2.8B variable annuity transaction with Venerable
July 1, 2025 by Staff Reports
Corebridge Financial has a deal with CS Life Re, a subsidiary of Venerable Holdings, to reinsure all the variable annuities of its Individual Retirement business, with account value totaling $51 billion.
The transaction is valued at $2.8 billion, consisting of both ceding commission and capital release, and will generate approximately $2.1 billion of net distributable proceeds after-tax for Corebridge, the insurer announced in a news release.
Originally Posted at InsuranceNewsNet on June 26, 2025 by Staff Reports.
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