Corebridge Financial Closes on Individual Retirement Variable Annuity Transaction with Venerable

Core Point - Corebridge Financial, Inc. has successfully closed the final portions of an agreement with Corporate Solutions Life Reinsurance Company, which includes the reinsurance of all Individual Retirement variable annuities issued by The United States Life Insurance Company in the City of New York [1] Company Summary - The agreement involves a reinsurance transaction with Venerable Holdings, Inc.'s insurance subsidiary, enhancing Corebridge's financial position [1] - The reinsurance covers all Individual Retirement variable annuities, indicating a strategic move to manage risk and optimize capital [1]