Annuity News

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of New York Life Insurance Company, New York Life Insurance and Annuity Corporation, Life Insurance Company of North America, New York Life Group Insurance Company of NY and NYLIFE Insurance Company of Arizona. All companies are referred to as New York Life and…

MetLife, Inc., General Atlantic, and Chariot Reinsurance, Ltd., an independent Bermuda- based Class E life and annuity reinsurance company, today announced the completion of Chariot Re’ s initial reinsurance transaction with a subsidiary of MetLife. MetLife Investment Management and General Atlantic serve as Chariot Re’ s exclusive external asset managers,…

On June 26, 2025, Venerable Holdings, Inc. announced a transaction with Corebridge Financial, Inc. pursuant to which it will reinsure approximately $51 billion of variable annuity business from American General Life Insurance Company and The US Life Insurance Company in the City of New York. Additionally, Venerable will acquire Corebridge’ s investment…

Venerable Holdings, Inc., the leader in providing innovative risk transfer solutions to variable annuity issuers, today announced a landmark transaction with Corebridge Financial, Inc. that will increase Venerable’ s total assets under risk management, on a pro forma basis as of March 31, 2025, by approximately 77% from $67 billion to $118 billion.

Corebridge Financial, Inc. today announced that it has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, Inc. to reinsure all the variable annuities of its Individual Retirement business, with account value totaling $51 billion as of March 31, 2025. The transaction is valued at $2.8 billion, consisting of both ceding commission and…

The panel session is scheduled for Wednesday, Aug. 20, at 10:45am CDT. Kohlberg has been with AM Best since 2010, and as a team leader, maintains a diverse portfolio of life and annuity insurers located in the United States, Canada and Caribbean and regularly presents at the AM Best Review Preview conference as well as being involved in other AM Best industry…

TruStage announced the launch of a new retirement solution, the TruStage ZoneChoice Advantage Annuity, underwritten by MEMBERS Life Insurance Company, a registered index-linked annuity with new crediting strategies for end-investors.

Athene, subsidiary of Apollo Global Management, announced today that its board of directors has appointed Grant Kvalheim as chief executive officer, effective July 1.

–American National Insurance Company announces the launch of its innovative Smart Start Accumulator Series, a series of single premium fixed indexed annuities designed to provide clients with the opportunity for significant growth by maximizing accumulation potential from day one. The series, which includes Smart Start Accumulator and Smart Start…

Security Benefit today announced the addition of index accounts based on three new indices to its fixed index annuity, Foundations Annuity.