Venerable, a privately held company that owns and manages legacy variable annuity business, has expanded Alexandra Findleton’s role at the firm to include serving as Head of Flow Reinsurance.
The agreement also included reinsurance of $51 billion of variable annuity business from American General Life Insurance Company and The US Life Insurance Company of New York.
Additionally, Venerable has agreed to acquire Corebridge’s investment advisor, SunAmerica Asset Management.
The expansion of Findleton’s existing role to include flow reinsurance aims to enable Venerable to explore the market further and sets a framework for ownership, accountability, and governance in support of this portion of their business.
Now, Findleton will be responsible for shepherding flow reinsurance transaction development, managing counterparty relationships, overseeing terms with cedents, and collaborating with internal partners on deal pricing.
Before joining Venerable in 2019, Findleton 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.
Miles Kaschalk, Head of Corporate Development, Venerable, commented, “Alexandra played a pivotal role in establishing Venerable as a player in the flow reinsurance market. Her leadership, experience, vision, and ability to collaborate will be a great asset to Venerable as we look to aggressively grow in this space.”
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