Constellation News

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December 2, 2024

Constellation’s Latin American subsidiary closes previously announced acquisition of Zurich’s annuity business in Chile

Constellation Insurance, Inc. (Constellation), announced its wholly owned susidiary, Ohio National Seguros de Vida – Chile, has acquired Zurich Insurance Group’s (Zurich) $2.1 billion annuity portfolio in Chile. [Read more]

May 13, 2024

Fitch affirms A- rating and revises outlook to positive for Constellation Insurance, Inc.

Constellation Insurance, Inc., announced today Fitch Ratings has affirmed its ‘A-‘ Insurer Financial Strength (IFS) rating for AuguStar Life Insurance Company, AuguStar Life Assurance Corporation and National Security Life and Annuity Co., and has revised the outlook to positive from stable. [Read more]

May 24, 2023

Constellation Announces $10 billion Block Reinsurance Transaction with Prudential Financial

Constellation Insurance Holdings, Inc. (Constellation), a leading insurance holding company backed by institutional investors CDPQ and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), announced today that its subsidiary The Ohio National Life Insurance Company (ONLIC) has entered into an agreement with Pruco Life Insurance Company (PLAZ), an affiliate of Prudential Financial (Prudential), to reinsure a $10 billion block of variable annuities. [Read more]