Venerable
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Overview
About Venerable
Industries
Consulting
Design
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
West Chester, Pennsylvania
Founded
2018
Simplify's Take
What believers are saying
- Expanded to NYC headquarters at One World Trade Center, enhancing brand prestige and talent attraction.[1]
- Acquired $22 billion John Hancock variable annuity contracts in 2022, establishing market leadership.[3]
- KBRA credit rating upgrade reflects strong financial stability and capacity to meet obligations.[4]
What critics are saying
- Eight-year lease at premium NYC rates exposes Venerable to significant rent increases upon renewal.[2]
- Athene Holdings, strategic investor and competitor, gains insider knowledge enabling policyholder poaching.[2]
- Regulatory scrutiny from NY AG targeting variable annuity managers threatens capital requirements and profitability.[2]
What makes Venerable unique
- Acquires and manages legacy variable annuities from established providers like Voya, John Hancock, Equitable.[2][3]
- Specializes in variable annuities with guaranteed minimum income benefits, unlike most competitors.[2]
- Backed by experienced investors from Apollo Global Management, Reverence Capital Partners, Crestview Partners.[2][3]
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Benefits
Hybrid Work Options
Commuter Benefits
Company News
Venerable has signed an office lease for 11,000 Sq Ft to expand in New York City. Venerable has signed an office lease for 11,000 Sq Ft to expand in New York City.New York, New York — According to state and local development sources, Venerable plans to build out 11,000 square feet of new space in New York. The company plans to occupy the new space at 285 Fulton St in New York, on or about December 1, 2024. According to the company website Venerable is a privately held company with business operations based in West Chester, Pennsylvania and Des Moines, Iowa. Venerable owns and manages legacy variable annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd., Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital
Venerable is Hiring for 13 Jobs on Simplify!
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About Venerable
Industries
Consulting
Design
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
West Chester, Pennsylvania
Founded
2018
Venerable is Hiring for 13 Jobs on Simplify!
Find jobs on Simplify and start your career today