Constellation Insurance, Inc. (Constellation) announces the entry of AuguStar Retirement into the annuity marketplace, committed to creating value for clients and forging long-term advisor relationships. Constellation is a leading insurance holding company serving consumers and small business owners in the United States and Latin America through its family of insurance companies which collectively have over $34 billion in assets under management as of December 31, 2022. Constellation’s institutional owners CDPQ and Ontario Teachers’ are two of the world’s largest long-term institutional investors.

“The formation of AuguStar Retirement aligns with our enterprise growth strategy to create a market leading annuity business offering a broad array of fixed indexed annuities, multi-year guaranteed annuities, variable annuities and registered index linked annuities through institutional channels and independent marketing organizations,” says Anurag Chandra, Constellation Insurance founder, president and chief executive officer. “The newly assembled AuguStar Retirement leadership team has an exceptional business-building track record and is led by Cliff Jack who brings more than 30 years of experience building wealth management and asset management businesses as well as leading the transformation of a nascent annuity carrier into the number one player in the United States.”

AuguStar Retirement plans to launch several annuity products in banks, broker/dealers, and select independent marketing organizations over the next few months.

Joining Cliff are several seasoned industry veterans who have all worked together for over a decade and complement AuguStar Retirement’s existing operational infrastructure in Cincinnati, Ohio, led by David Marlow, vice president, operations and IT, and Kimberly Plante, vice president, general counsel. Joining AuguStar Distributors, the newly formed sales and marketing entity with regional hubs in Denver, Colorado, and Nashville, Tennessee, this new leadership team includes:

• Marc Socol, executive vice president and chief revenue officer
• Bill Burrow, senior vice president, strategic relationships
• Elizabeth Griffith, senior vice president, head of distribution services
• Steve Kluever, senior vice president, product and investment management
• Ted Parker, senior vice president, national sales manager
• Dan Starishevsky, senior vice president, head of marketing
• Greg Cicotte, non-executive vice chairman

“I am thrilled to be surrounded by such an impressive team who will partner to deliver top-tier, client-focused product solutions with an industry-leading advisor service support model across banks, broker/dealers, independent marketing organizations and insurance professionals. This team has a deep understanding of all facets of an advisor’s practice and is committed to automating processes using cutting-edge technology,” says Cliff Jack, AuguStar Retirement president and chief executive officer. “We want to offer an exceptional experience for both the financial advisor and the consumer – one that is welcoming, fun, and inspiring. Our clients deserve to be excited about their financial decisions and put their trust in product solutions and services they can count on and, quite frankly, understand. The AuguStar Retirement brand embodies our commitment to delivering this differentiated experience.”