Insurance firm Equitable inks $12 billion reinsurance deal with Venerable
(Reuters) – Equitable Holdings Inc (N:EQH) said on Tuesday it has entered into an agreement with Venerable Holdings Inc to reinsure about $12 billion in annuities, which will help the insurance firm to return capital to its shareholders. Venerable, a privately held company, will reinsure legacy variable annuity policies sold between 2006 and 2008 under… More
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