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Stock impact report

Venerable Successfully Acquires Investment Adviser and Closes Reinsurance Transaction [Yahoo! Finance]

Corebridge Financial Inc. (CRBG) 
Company Research Source: Yahoo! Finance
of SunAmerica Asset Management, LLC (SAAMCo) and the close of the reinsurance transaction involving The United States Life Insurance Company in the City of New York (USL), the final two components of the landmark agreement with Corebridge Financial, Inc. (Corebridge) announced in June 2025. Venerable previously announced the commencement of new business variable annuity flow reinsurance and completion of the $48bn reinsurance transaction with American General Life Insurance Company (AGL), an entity of Corebridge, in August 2025. In acquiring SAAMCo, Venerable welcomes 53 employees to the organization and is celebrating a broader footprint with a new office in Houston and an expanded presence in New York City at One World Trade Center. Tim Brown, President of Venerable Advisers, said, "We are thrilled to welcome our new colleagues from SAAMCo to our Venerable community. Their deep expertise will be invaluable as we continue to grow our investment adviser capabilities and offerings, Show less Read more
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