Venerable Announces Head of Flow Reinsurance

WEST CHESTER, Pa.--(BUSINESS WIRE)--Venerable has named Alexandra Findleton Head of Flow Reinsurance, positioning the firm to accelerate growth in this new organizational capability and advancing the firm’s overall growth strategy.

Expansion of Venerable’s strategy to include variable annuity flow reinsurance was announced in June of this year as part of the landmark agreement with Corebridge Financial, Inc. (“Corebridge”) which also included reinsurance of $51bn of variable annuity business from American General Life Insurance Company and The US Life Insurance Company of New York. Venerable additionally agreed to acquire Corebridge’s investment advisor, SunAmerica Asset Management.

The expansion of Ms. Findleton’s existing role to include flow reinsurance allows Venerable to further explore this market and sets a framework for ownership, accountability, and governance in support of this portion of their business. Ms. Findleton will add responsibility for shepherding flow reinsurance transaction development, managing counterparty relationships, overseeing terms with cedents, and collaborating with internal partners on deal pricing.

“Alexandra played a pivotal role in establishing Venerable as a player in the flow reinsurance market,” said Miles Kaschalk, Head of Corporate Development at Venerable. “Her leadership, experience, vision, and ability to collaborate will be a great asset to Venerable as we look to aggressively grow in this space.”

Ms. Findleton holds a Bachelor of Mathematics in Mathematics/Financial Analysis and Risk Management from the University of Waterloo. Prior to joining Venerable in 2019, she began her career at Oliver Wyman as a management consultant where she was instrumental in developing insurance liability models and technology solutions to support annuity new business sales strategies and policy administration system conversions for various life insurance clients.

About Venerable

Venerable is a privately held company with business operations based in West Chester, Pennsylvania, Des Moines, Iowa and New York, NY. Venerable owns and manages legacy variable annuity business, including variable annuities acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, Inc., Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital.

For more information, please visit www.venerable.com.