Our Story
Our Story
Our mission is to establish market-leading financial services businesses that leverage our scale, robust capital position, strong ratings and world-class institutional ownership.
We have a demonstrated track record as a holding company to swiftly adapt to changing environments. We have capitalized on market opportunities to build a leading, diversified insurance and financial services group over a relatively short period of time.
2019
Constellation is founded by Anurag Chandra with a $500M commitment from CDPQ and Ontario Teachers
2021
Sponsored demutualization of Ohio National Financial Services announced
$1.5B credit facility closed with a syndicate of leading global banks
2022
$500M preferred equity capital raised to finance Ohio National demutualization
Sponsored demutualization of Ohio National Financial Services closes
$4.8B whole life financial reinsurance transaction with Hannover Re closes
A.M. Best affirms “A” rating*
2023
AuguStar Retirement and AuguStar Life brands launch
Constellation Re closes $10B Prudential block reinsurance transaction
2024
Fitch rating – Positive outlook
Fitch affirms “A-“ rating and revises outlook to positive from stable*
Constellation Investments launches with $30B in assets under administration
Ohio National Seguros de Vide S.A. completes Zurich – Chile annuity business transaction
Constellation Re establishes Bermuda entity to expand reinsurance business
Constellation Re closes on a bespoke $750M financing arrangement supporting its variable annuity business
AuguStar Retirement completes first full year of sales, reaching $2.5B
2025
Fitch rating upgraded to ‘A’
Fitch upgrades Insurance Financial Strength rating to “A“ with a stable outlook*
Ohio National Seguros de Vida rebrands to AuguStar Seguros
Constellation Institutional Markets enters FABN market with an inaugural $350M issuance.
2026
AuguStar Retirement expands platform with launch of StarStream® variable annuity.
Constellation Institutional Markets re-enters the pension risk transfer (PRT) market.
S&P Global assigns ‘A-‘ rating
S&P Global assigns ‘A-‘ financial strength rating with stable outlook to AuguStar Life Insurance Company.
2 Per consolidated financial statements for Constellation Insurance Inc. and Subsidiaries; Excludes accumulated other comprehensive income (AOCI)
3 Represents 2025 organic origination for AuguStar Retirement, AuguStar Life, AuguStar Seguros and Constellation Institutional Markets.
* AM Best: “A,” its third-highest ranking out of 16 categories. Fitch: “A,“ its sixth-highest ranking on a 19-part scale. S&P Global: “A-,” its seventh-highest ranking on a 22-part scale. Moody’s: “Baa1,” its eighth-highest ranking on a 21-part scale. All ratings information is according to reports published on: ambest.com/ratings, fitchratings.com, spglobal.com/ratings and moodys.com/insurance. All financial strength ratings apply to the AuguStar Life Insurance Company (ALIC). Financial strength ratings from AM Best and Fitch apply also to National Security Life and Annuity Co., an ALIC subsidiary. All ratings are accurate as of 7/15/2026.
