What Happened?
West Chester, -based Venerable-Annuity Promoted Timothy Brown as Executive Vice President, Chief Legal Officer and Corporate Secretary
About the Company
Based in West Chester, Pennsylvania and Des Moines, Iowa, Venerable is the legacy annuity business of Voya Financial, Inc. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners and Reverence Capital Partners, Venerable is private company and an emerging business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. Financial Strength: With a strong history of financial services expertise, Apollo, a leading global alternative investment manager with more than $240 billion in assets-under-management, is leading an investor group to sponsor the formation of Venerable - a new insurance industry solution for legacy variable annuity businesses. Venerable is uniquely positioned for growth in delivering solutions to companies that seek to restructure their current variable annuity portfolios. Cutting Edge Solution on a Proven Variable Annuity Business Model: Trusted and experienced leaders are creating a dynamic, collaborative work environment – with the nimbleness and flexibility of a start-up and the solid foundation of a proven variable annuity platform that will leverage leading edge technology and cloud-based solutions. Employee Commitment: Venerable invests in our overall employee experience with opportunities for career development and enhancement in the financial services industry. We seek to provide all employees with the opportunity to positively influence a culture of commitment to our policyholders, investors and the communities where we live and work. Venerable offers a highly competitive compensation and benefits package, flexible working arrangements, volunteer opportunities, and generous paid-time-off.
About the Person
Timothy Brown is Executive Vice President, Chief Legal Officer and Corporate Secretary at Venerable Annuity. Previously, Timothy held various senior legal leadership roles in the industry.
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