Venerable Holdings Agrees to Reinsure Variable Annuity Business from Corebridge and Acquire SunAmerica Asset Management

Venerable Acquires Corporate Solutions Life Reinsurance Company from Equitable Holdings

June 1, 2021

Insurance

Venerable Holdings, Inc. completed the acquisition of Corporate Solutions Life Reinsurance Company (CS Life Re) from Equitable Holdings, Inc., increasing Venerable's pro forma assets under management and reinsurance to approximately $70 billion. Equitable will take a noncontrolling 9.09% equity stake in Venerable's parent (VA Capital Company LLC) and a small dedicated CS Life Re team transitioned to Venerable as part of the deal.

Brookfield Reinsurance Acquires American Equity Investment Life Holding Company (AEL)

May 2, 2024

Insurance

Brookfield Reinsurance (BNRE) entered into and expected to close its acquisition of American Equity Investment Life Holding Company (AEL), with the transaction expected to close after market on May 2, 2024. The deal brings AEL’s annuities and life insurance capabilities under Brookfield Reinsurance’s capital-solutions platform to expand liability-driven asset allocation and private asset management capabilities.

Vantage Group Acquires Admitted Carrier Vantage Risk Assurance Company

February 8, 2022

Insurance

Vantage Group Holdings Ltd. has closed the purchase of an admitted-lines carrier, Vantage Risk Assurance Company (formerly Heritage Casualty Insurance Company), from Union Fidelity Life Insurance Company. Concurrently, funds managed by Carlyle and Hellman & Friedman committed up to an additional $200 million to support Vantage’s continued growth and to expand capabilities in its U.S. insurance platform.

Core Specialty Completes Acquisition of American Surety Company and Underwriters Surety

June 3, 2024

Insurance

Core Specialty Insurance Holdings, Inc. has completed the acquisition of American Surety Company and Underwriters Surety, creating a new Surety Division and adding bail bonds and commercial surety bond product lines. The deal was completed with a mix of cash and stock, preserves the American Surety brand and management team, and brings approximately $93 million in 2023 GAAP gross premiums written to Core Specialty.

Voya Financial to Acquire OneAmerica Financial Retirement Plan Business

September 11, 2024

Financial Services

Voya Financial has entered into a definitive agreement to acquire OneAmerica Financial’s full-service retirement plan business. The deal is expected to close on January 1, 2025, subject to customary closing conditions and regulatory approvals.

Renaissance Alliance Acquires Agency Network Exchange and United Valley Insurance Services

January 11, 2022

Insurance

Renaissance Alliance, a Long Arc Capital portfolio company, has acquired Agency Network Exchange (ANE) and United Valley Insurance Services in two separate add-on transactions that together add approximately $2.4 billion in premium. The deals expand Renaissance's footprint into Arizona, California, New Jersey and Pennsylvania and increase its network to 273 independent agencies representing $3.6 billion in premium; both acquired networks will continue operating under their current brands and leadership.