Venerable Strengthens Flow Reinsurance Leadership to Boost Variable Annuity Growth

Venerable, a company managing legacy variable annuity business, has appointed Alexandra Findleton as Head of Flow Reinsurance. This strategic move aligns with their expansion into variable annuity flow reinsurance, a capability announced earlier this year in partnership with Corebridge Financial, Inc. The partnership includes the reinsurance of $51 billion in variable annuity business and the acquisition of Corebridge's investment advisor, SunAmerica Asset Management. Under Findleton's leadership, Venerable aims to advance its flow reinsurance operations by managing transaction development, counterparty relationships, and pricing strategies. Findleton's background in insurance liability modeling and annuity sales strategies supports Venerable's growth ambitions in this sector. Venerable operates across multiple states including Pennsylvania, Iowa, and New York, backed by investors such as Apollo Global Management and Crestview Partners, signaling robust financial and strategic resources to grow its reinsurance footprint.