Voya Retirement Insurance And Annuity Company Address

Date:

Voya Insurance And Annuity Company

Voya Overview Video Retirement

On September 1st, 2019 VOYA Insurance and Annuity Company, the Legal Entity purchased by Venerable, legally changed its name to Venerable Insurance and Annuity Company.

Venerable Annuity has no intention of issuing and selling its own variable annuities. Rather than selling its own variable annuities, Venerable will seek growth by acquiring existing annuity portfolios of variable annuity policies that insurance companies want to sell.

The company is equally dividing its headquarters between Des Moines and West Chester, Pa., a western suburb of Philadelphia where Voya had based a portion of its variable annuity business.

The potential market for acquiring and managing blocks of variable annuities is substantial, said Patrick Lusk, president, and CEO of Venerable Insurance and Annuity Company. These blocks generally line up well for private equity investors interested in managing the assets of what are essentially run-off blocks of business, the report said.

These run-off blocks also can become platforms for private equity firms to buy additional blocks to add to the run-off model and manage additional assets. A.M. Best said it expects to see continued interest from private equity funds in the life and annuity segment.

Venerable Acquires Voya Financial

In a June 1, 2018 press release, Venerable Holdings, announced the completion of its acquisition of Voya Financial, Inc.s closed Block Variable Annuity business. As announced in December 2017, Voya has divested its CBVA business to Venerable, a private company established to serve as a leading industry solution for the consolidation of closed variable annuity blocks.

Venerable Annuity was created by a group of investors led by affiliates of Apollo Global Management, LLC, Crestview Partners, and Reverence Capital Partners. Athene Holding, Ltd. and Voya also each have a minority position in Venerable.

This transaction demonstrates our strong belief in the attractiveness of the annuity business and the substantial growth opportunity it represents, stated David Marcinek, Chairman, and Senior Managing Director, Venerable Holdings, Inc. As a focused, standalone business, Venerable is well-positioned to deliver best in class service to our policyholders, solutions to the annuity industry and strong financial value to our investors.

Athene will reinsure approximately $19 billion of Voyas fixed and fixed indexed annuities from Venerable and Voya. Venerable financial will administer these existing annuity contracts.

Athene Asset Management will provide asset management services for these fixed annuities. Voya Investment Management will serve as the preferred asset management partner for Venerable Annuities .

Transfer This Lei To American Lei

Transfer your LEI code under the management of American LEI, official Registration Agent for American companies. Our clients benefit from automatic data updates, swift client service and secure payments. American LEI and our group companies are trusted partners for numerous financial institutions around the globe.

RENEW YOUR SUBSCRIPTION

The LEI code must be renewed at least once a year to remain valid in the GLEIF database. We are offering secure and cost-efficient multi-year subscriptions to ensure that your LEI will be always up to date.

UPDATE OR TRANSFER

You can transfer this LEI number under our management for free and apply for data update. After the transfer, you can easily renew all the data directly form our web form.

You May Like: How Much Should A Married Couple Have For Retirement

Anonymous Problems With Product/service Complaint

Complaint Type: Status:

08/19/2020

04/20/2022

1 Orange Way C1s, Windsor, CT 06095-4773
BBB File Opened:
  • Mr. Brian Baranowski, Compliance Manager
Contact Information
  • Mr. Brian Baranowski, Compliance Manager

Customer Contact

  • Mr. Brian Baranowski, Compliance Manager
Additional Contact Information

BBB Business Profiles may not be reproduced for sales or promotional purposes.

BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

When considering complaint information, please take into account the company’s size and volume of transactions, and understand that the nature of complaints and a firm’s responses to them are often more important than the number of complaints.

BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.

As a matter of policy, BBB does not endorse any product, service or business.

Share post:

Popular

More like this
Related

Sign Up For Ssi Retirement

Do Social...

What Is Retirement Age In Florida

How Do...

Wells Fargo Retirement Phone Number

Why Does...