Constellation Insurance, Inc. (“Constellation”) is pleased to announce the election of Steven C. Verney, distinguished insurance and financial services veteran, to the Boards of Directors of certain subsidiary insurance companies, including The Ohio National Life Insurance Company, Ohio National Life Assurance Corporation and National Security Life and Annuity Co. (collectively, “Ohio National”).
Category Archives: Constellation
Constellation Insurance Holdings Announces Successful Completion of Strategic Transaction with Ohio National
Ohio National Mutual Holdings, Inc. (“ONMH”) and its wholly owned subsidiary Ohio National Financial Services, Inc., a leading provider of financial services, successfully completed its sponsored demutualization transaction with Constellation Insurance Holdings, Inc. (“Constellation”).
Constellation Insurance Holdings announces it has entered into an agreement to acquire Ohio National
Constellation Insurance Holdings, Inc. (Constellation), backed by institutional investors Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), announced today it has entered into an agreement for its inaugural transaction through the acquisition of Cincinnati-based Ohio National Mutual Holdings, Inc. (“ONMH”) and its wholly owned subsidiary Ohio National Financial Services, Inc. (collectively, “Ohio National”) for a total consideration of US$1 billion, which includes both member consideration and new capital infused in the business, as part of its demutualization process.
Caisse de dépôt et placement du Québec and Ontario Teachers’ Pension Plan Partner with Anurag Chandra to Launch a New Insurance Platform
Constellation Insurance Holdings (“Constellation”), founded by Anurag Chandra, former CEO of Prosperity Life Insurance Group (“Prosperity”), today announced that it has partnered with Caisse de dépôt et placement du Québec (“CDPQ”) and Ontario Teachers’ Pension Plan (“Ontario Teachers’”) and raised US$500 million in initial capital from them as founding investors.
