Venerable to acquire SunAmerica Asset Management from Corebridge.

Venerable, a private equity-backed provider of risk-transfer solutions and retirement-focused insurance services, agreed to acquire SunAmerica Asset Management, an investment adviser, from Corebridge, a financial services provider. Financial terms were not disclosed. “We are pleased to partner with Venerable on this transaction given their deep expertise and leadership in the variable annuity reinsurance business," Kevin Hogan, Corebridge President and Chief Executive Officer.