Constellation Institutional Markets Re-enters Pension Risk Transfer Market With 40-Year Legacy Book
Updated
Updated · PR Newswire · Jul 1
Constellation Institutional Markets Re-enters Pension Risk Transfer Market With 40-Year Legacy Book
2 articles · Updated · PR Newswire · Jul 1
Summary
Constellation Institutional Markets said July 1 it has re-entered the pension risk transfer market, adding group annuity contracts to help plan sponsors offload pension liabilities.
Those contracts are aimed at reducing pension risk, improving balance-sheet certainty and preserving participant benefits, extending Constellation’s institutional retirement offerings.
Brij Grewal said the move fits Constellation’s institutional strategy and draws on its experience managing long-duration liabilities and servicing a 40-year legacy PRT book.
Constellation said its affiliated insurers, financial strength, ratings and institutional ownership support the push, broadening its role in retirement and other institutional markets.