M&A Deal Summary

Venerable Acquires CS Life Re Co.

On June 1, 2021, Venerable acquired insurance company CS Life Re Co. from Equitable Holdings

Acquisition Highlights
  • This is Venerable’s 1st transaction in the Insurance sector.
  • This is Venerable’s 1st transaction in the United States.
  • This is Venerable’s 1st transaction in New York.

M&A Deal Summary

Date 2021-06-01
Target CS Life Re Co.
Sector Insurance
Buyer(s) Venerable
Sellers(s) Equitable Holdings
Deal Type Divestiture

Target

CS Life Re Co.

New York, New York, United States
CS Life Re Co. operates as an insurance company and offers property, casualty, and marine insurance and reinsurance services. CS Life Re Co. is based in New York City.

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Buyer(S) 1

Buyer

Venerable

West Chester, Pennsylvania, United States

Category Company
Founded 2017
Sector Financial Services
DESCRIPTION

Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with the patient, long-term capital. Venerable was founded in 2017 and is based in West Chester, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Equitable Holdings

New York, New York, United States

Category Company
Founded 1859
Sector Financial Services
Employees8,000
Revenue 12.4B USD (2024)
DESCRIPTION

Equitable Holdings comprises two complementary and well-established principal franchises, Equitable Life Insurance Company and AllianceBernstein. Annuity and life insurance products are issued by AXA Equitable Life Insurance Company (AXA Equitable / AXA Equitable Life). Equitable Holdings was founded in 1859 and is based in New York, New York.


DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: New York M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-11 U.S. Financial Life Insurance Co.

Charlotte, North Carolina, United States

U.S. Financial Life Insurance Co. is an insurance company focused on offering life and health insurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-27 Stifel Independent Advisors

St. Louis, Missouri, United States

Stifel Independent Advisors is a premier independent broker-dealer providing financial advisors with a deep platform of products and services. Stifel Independent Advisors is based in St. Louis, Missouri.

Buy -