Acquirer and manager of legacy variable annuity blocks and underlying funds
Venerable acquires and runs closed variable annuity books, and its stack shows a quant-heavy operation: Bloomberg and Aladdin for investments, a deep AWS data layer (Redshift, Glue, Kinesis, Step Functions), and SageMaker, PyTorch and TensorFlow for modeling. Accelerating, senior-weighted hiring skews to finance and risk, with job posts pointing to hedging, reserve regulation and cutting scenario computation load.
Venerable is a privately held insurance company founded in 2018 and headquartered in West Chester, Pennsylvania, with operations also in Des Moines, Houston and New York. It owns and manages legacy variable annuity business, including blocks acquired from other insurers. The company was formed by an investor group of private equity and insurance firms. Its asset management arms, Venerable Investment Advisers and SunAmerica Asset Management, oversee mutual funds underlying its own and Corebridge's variable annuities. Venerable employs between 501 and 1,000 people in the United States.
Venerable uses Python, C#, Java, SQL Server and Power BI, Bloomberg and Aladdin for investments, Workday for HR, and AWS services including Redshift, Glue, Lambda, Kinesis and SageMaker.
Venerable owns and manages legacy variable annuity business, including annuity blocks acquired from other companies, and its asset management entities oversee the mutual funds underlying those annuities.
Venerable is headquartered in West Chester, Pennsylvania, with additional operations in Des Moines, Iowa; Houston, Texas; and New York, New York.
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