Venerable, a holding company that provides retirement and personal finance, completed the acquisition of Corporate Solutions Life Reinsurance, an insurance company, from Equitable Holdings, an independent US-based financial services company. Financial terms were not disclosed. "This transaction represents a significant milestone for Venerable as we further establish ourselves as the partner of choice for insurers in the variable annuity space. Our conservative investment approach, strong capitalization, focus on operating efficiency and deep expertise in managing risk has positioned us for this transaction while successfully handling increased volatility and challenging market conditions. As we work to close this transaction, our team remains focused on building on this momentum and capitalizing on opportunities for further growth," David Marcinek, Venerable Chairman.