The Venerable

Venerable Announces General Counsel for Planned Investment Advisor

Retrieved on: 
Monday, December 18, 2023
Professional Services, Legal, Insurance, Associate, Pennsylvania State University, The Venerable, General counsel, Financial adviser

Venerable Holdings, Inc. (“Venerable”) today announced the addition of Kristina Magolis, who will serve as the General Counsel of Venerable Investment Advisers, LLC (“Venerable Advisers”), its new wholly-owned subsidiary.

Key Points: 
  • Venerable Holdings, Inc. (“Venerable”) today announced the addition of Kristina Magolis, who will serve as the General Counsel of Venerable Investment Advisers, LLC (“Venerable Advisers”), its new wholly-owned subsidiary.
  • In this capacity, Magolis will provide legal and regulatory guidance and subject matter expertise for legal matters relating to all aspects of Venerable Advisers.
  • She will also serve as the Chief Legal Officer of Venerable Variable Insurance Trust, the variable insurance trust comprised of mutual funds that will be managed by Venerable Advisers.
  • Prior to joining Venerable, Magolis served as Associate General Counsel for Equitable Investment Management.

Lind Marine Refreshes Its Marketing Approach with a New Site Produced by Stellar

Retrieved on: 
Thursday, December 7, 2023
Stellar, Sustainability, Safety, The Venerable, Partnership

VALLEJO, Calif., Dec. 7, 2023 /PRNewswire/ -- Stellar, in conjunction with Lind Marine, announced the launch of Lind Marine's new website. The new approach elevates the 117-year-old company's role in providing a broad range of sustainable and diversified marine and shipyard services, including boat-building and industrial marine products.

Key Points: 
  • San Francisco Bay Area's Venerable 117-year-old Marine Services Company Highlights Services, Sustainability, and Diversification in its New Website
    VALLEJO, Calif., Dec. 7, 2023 /PRNewswire/ -- Stellar, in conjunction with Lind Marine, announced the launch of Lind Marine's new website .
  • The new approach elevates the 117-year-old company's role in providing a broad range of sustainable and diversified marine and shipyard services, including boat-building and industrial marine products.
  • SF Bay's Venerable 117-year-old Lind Marine highlights services, sustainability, & diversification in its new website.
  • "Our partnership with Stellar has resulted in creating a powerful marketing platform that will continue to help Lind Marine evolve as a business as we introduce expansive new products and services."

Franklin Templeton Establishes Partnership with Venerable

Retrieved on: 
Monday, October 16, 2023
Asset Management, Professional Services, Insurance, Finance, Partnership, Russell Investments, VVIT, Legg Mason, ClearBridge Investments, The Venerable, Franklin Templeton Investments, Financial adviser, Asset management

Franklin Templeton is deepening its asset management leadership in the insurance industry by entering into a partnership with Venerable Holdings, Inc. (“Venerable”).

Key Points: 
  • Franklin Templeton is deepening its asset management leadership in the insurance industry by entering into a partnership with Venerable Holdings, Inc. (“Venerable”).
  • Venerable today announced that Venerable Investment Advisers, LLC (“Venerable Advisers”), its new wholly-owned subsidiary, intends to engage Franklin Templeton to provide sub-advisory services with respect to certain funds in its newly formed Venerable Variable Insurance Trust (“VVIT”).
  • This will include discretionary sub-advisory mandates, managed by Franklin Templeton Investment Solutions, partnering with Brandywine Global, ClearBridge Investments, Franklin Equity Group, Franklin Templeton Fixed Income, and Western Asset Management.
  • The sub-advised strategies referenced are the Venerable Large Cap Strategic Equity Fund, Venerable Strategic Bond Fund and Venerable High Yield Fund.

Russell Investments Announces Partnership With Venerable to Build New Multi-Manager Variable Annuity Platform

Retrieved on: 
Monday, October 16, 2023
Professional Services, Data Analytics, Insurance, Finance, Asset Management, Fintech, Consulting, Partnership, Investment, Research, Russell Investments, Franklin Templeton Investments, Form N-1A, Risk, Securities and Exchange Commission of Pakistan, VVIT, Form, The Venerable, Financial adviser

Russell Investments is leveraging its multi-manager investment, risk and implementation platform in a new strategic partnership with Venerable Holdings, Inc. (“Venerable”).

Key Points: 
  • Russell Investments is leveraging its multi-manager investment, risk and implementation platform in a new strategic partnership with Venerable Holdings, Inc. (“Venerable”).
  • Venerable today announced that Venerable Investment Advisers, LLC (“Venerable Advisers”), its new wholly-owned subsidiary, intends to engage Russell Investments to provide sub-advisory and administration services to funds in its newly formed Venerable Variable Insurance Trust (“VVIT”).
  • “We are thrilled to help Venerable deliver innovative investment solutions through its variable annuities platform,” said Russell Investments’ Chairman and CEO Zach Buchwald.
  • The deep investment management expertise of Franklin Templeton combined with the leading investment solutions of Russell Investments will be a tremendous asset to us.

Venerable Announces Partnerships With Russell Investments and Franklin Templeton

Retrieved on: 
Monday, October 16, 2023
Accounting, Professional Services, Insurance, Finance, Russell Investments, Franklin Templeton Investments, Form N-1A, Communication, Prospectus, Securities and Exchange Commission of Pakistan, VVIT, Form, The Venerable, Sale, Financial adviser, Security (finance)

Venerable Holdings, Inc. (“Venerable”) today announced that Venerable Investment Advisers, LLC (“Venerable Advisers”), its new wholly-owned subsidiary, intends to engage investment advisory subsidiaries of Russell Investments and Franklin Resources, Inc. (“Franklin Templeton”) to provide sub-advisory services with respect to Venerable Variable Insurance Trust (“VVIT”).

Key Points: 
  • Venerable Holdings, Inc. (“Venerable”) today announced that Venerable Investment Advisers, LLC (“Venerable Advisers”), its new wholly-owned subsidiary, intends to engage investment advisory subsidiaries of Russell Investments and Franklin Resources, Inc. (“Franklin Templeton”) to provide sub-advisory services with respect to Venerable Variable Insurance Trust (“VVIT”).
  • “It was important to select partners with the right capabilities and expertise as we establish Venerable Advisers.
  • The deep investment management expertise of Franklin Templeton combined with the leading investment solutions of Russell Investments will be a tremendous asset to us and our policyholders,” said Tim Brown, President of Venerable Advisers.
  • Jacob Armstrong, Franklin Templeton’s Head of Insurance Strategic Distribution, noted, "With more than 75 years of investment management expertise, Franklin Templeton has a long history of managing insurance assets.

Venerable Announces Planned Creation of Investment Adviser

Retrieved on: 
Tuesday, August 29, 2023
Accounting, Professional Services, Insurance, Finance, Head, VIT, EVP, Outsourced, Risk management, Lisp (programming language), SVP, VIA, Financial adviser, Management, The Venerable, Equitable

Venerable Holdings, Inc. (“Venerable”) today announced plans to establish a Venerable-owned registered investment adviser (“VIA”) and a variable insurance trust (“VIT”) comprised of mutual funds managed by VIA that will serve as investment options for insurance company separate accounts.

Key Points: 
  • Venerable Holdings, Inc. (“Venerable”) today announced plans to establish a Venerable-owned registered investment adviser (“VIA”) and a variable insurance trust (“VIT”) comprised of mutual funds managed by VIA that will serve as investment options for insurance company separate accounts.
  • Additionally, Venerable has hired Michal Levy as Head of VIA and Adrea Scaramucci as SVP and Chief Compliance Officer, VIA.
  • Levy joins Venerable from Equitable, where she recently held the position of President, Equitable Investment Management and was responsible for approximately $110bn of assets under management across more than 120 investment options.
  • “As an organization, Venerable continues to demonstrate a keen ability to execute on challenging and innovative business initiatives like this one,” said David Marcinek, Chairman and CEO of Venerable.

KBRA Upgrades Venerable Ratings

Retrieved on: 
Thursday, May 25, 2023
KBRA, Insurance, VIAC, Maintenance, Jules Kroll, BBB, Risk management, CSLR, Financial services, Cryptocurrency, The Venerable

WEST CHESTER, Pa., May 25, 2023 /PRNewswire/ -- Venerable is pleased to announce that Kroll Bond Rating Agency, LLC (KBRA) has upgraded the insurance financial strength rating of its subsidiaries, Venerable Insurance and Annuity Company (VIAC) and Corporate Solutions Life Reinsurance Company (CSLR) to A and the issuer and debt rating of Venerable Holdings, Inc. to BBB.

Key Points: 
  • WEST CHESTER, Pa., May 25, 2023 /PRNewswire/ -- Venerable is pleased to announce that Kroll Bond Rating Agency, LLC (KBRA) has upgraded the insurance financial strength rating of its subsidiaries, Venerable Insurance and Annuity Company (VIAC) and Corporate Solutions Life Reinsurance Company (CSLR) to A and the issuer and debt rating of Venerable Holdings, Inc. to BBB.
  • In addition, KBRA has reaffirmed its expectations that Venerable will continue to successfully execute strategic plans, with risk management and hedging programs supporting the maintenance of strong capitalization and liquidity through volatile markets.
  • Further, KBRA expects Venerable will continue to leverage its market position to successfully onboard and manage acquired books of business.
  • "KBRA's upgrade of our entities is a validation of our strong performance and Venerable's position as the market leader in the variable annuity risk transfer space," said David Marcinek, Chairman and CEO of Venerable.

Venerable Appoints Treasurer

Retrieved on: 
Wednesday, May 10, 2023
Forecasting, JPMorgan Chase, American University of Beirut, The Venerable, Bachelor, Business administration, Citibank, Barclays, Corebridge Financial, American University, AIG, Rice University, Security (finance)

WEST CHESTER, Pa., May 10, 2023 /PRNewswire/ -- Venerable today announced the appointment of Ross Boudiab as Treasurer.

Key Points: 
  • WEST CHESTER, Pa., May 10, 2023 /PRNewswire/ -- Venerable today announced the appointment of Ross Boudiab as Treasurer.
  • Boudiab is a senior leader with over 20 years of global treasury experience, most recently with Corebridge Financial, Inc. where he held the role of Assistant Treasurer.
  • During his years with AIG, Boudiab held various roles in treasury and previously spent time at Barclays Bank PLC, JPMorgan Chase, and Citibank.
  • "He brings significant experience to a critical function and I look forward to seeing the impact he will make."

Venerable Names Catherine Mahone Chief Administrative Officer

Retrieved on: 
Tuesday, April 18, 2023
The Venerable, GoBeyond Student Travel, Insurance, Human resources, University, Senior, Ameriprise Financial, American Heart Association, University of St. Thomas School of Law, Master of Business Communication, Business, Mass communication, Information technology, Mentorship, CAO, Implementation, Retirement, Catherine Mahon, Allianz, Risk, FINRA, Communication, Courage, Management, Computer security

WEST CHESTER, Pa., April 18, 2023 /PRNewswire/ -- Venerable today announced the appointment of Catherine Mahone to Chief Administrative Officer (CAO).

Key Points: 
  • WEST CHESTER, Pa., April 18, 2023 /PRNewswire/ -- Venerable today announced the appointment of Catherine Mahone to Chief Administrative Officer (CAO).
  • In this role, Mahone will have oversight for the Human Resources, Information Technology, Operations, and Strategy and Implementation functions.
  • Mahone arrives at Venerable with over 30 years of financial services experience, most recently with Allianz as Chief Administrative Officer.
  • The Venerable story resonates strongly across the insurance industry, and we are proud to have Cathy become a part of it."

Venerable Announces Finance Promotions

Retrieved on: 
Monday, March 27, 2023
The Venerable, La Salle University, General Electric, Direct service organisation, Voya Financial, Temple University, Controller, Policy, Pennsylvania State University, University of Illinois Urbana-Champaign, Certified Public Accountant, Financial statement analysis, Accounting, Business administration, Acquisition, University, Master of Business Administration, SVP, Wells Fargo, Management, Science, Gelfand, Finance

WEST CHESTER, Pa., March 27, 2023 /PRNewswire/ -- Venerable is pleased to announce the promotions of two Finance colleagues, Richard Gelfand and Scott Horenziak.

Key Points: 
  • WEST CHESTER, Pa., March 27, 2023 /PRNewswire/ -- Venerable is pleased to announce the promotions of two Finance colleagues, Richard Gelfand and Scott Horenziak.
  • Venerable is pleased to announce the promotions of two Finance colleagues, Richard Gelfand and Scott Horenziak.
  • Gelfand, a newly named Vice President, is also the company's Deputy Controller, and has been with Venerable since the organization's inception.
  • Horenziak, promoted to Vice President Financial Analysis, has been with Venerable and its predecessor companies since 2010.