venerable
Manages and optimizes legacy variable annuity business blocks.
Company facts
- Founded
- 2017
- Employees
- 450
- Headquarters
- United States
- CEO
- David Marcinek
- Type
- Private
- Funding
- Private Equity · $500M · 2017
- Subsidiaries
- Venerable Insurance and Annuity Company, Venerable Investment Advisers
About
Venerable is a privately held company with its headquarters in West Chester, Pennsylvania, and additional operations in Des Moines, Iowa. The company specializes in owning and managing legacy variable annuity businesses acquired from various entities. This strategic focus positions Venerable uniquely within the financial services industry, particularly in the insurance sector. Venerable was established by a distinguished group of investors and has grown through acquisitions, drawing from the expertise of its strategic partners, including affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd. With a history rooted in the annuity business, Venerable benefits from a leadership team that possesses substantial experience and insights into successfully building and expanding insurance operations. The organization’s unique approach combines the agility and innovativeness typical of startups while leveraging the extensive legacy and experience of established organizations within the industry. Venerable places a considerable emphasis on creating a strong organizational culture that fosters employee engagement and encourages collaboration. This commitment enhances the employee experience and drives performance within the company. By maintaining open lines of communication and a supportive management structure, employees at Venerable are empowered to think critically, ask strategic questions, and contribute to creative solutions that advance the company's objectives. Venerable’s long-term vision is committed to delivering exceptional value to its customers while continually improving its offerings.