Constellation Institutional Markets, specialists in large institutional finance and insurance solutions and part of Constellation Insurance Company, has announced that it will re-enter the pension risk transfer (PRT) market.
With this move, the company aims to expand its institutional capabilities and offering of long-term retirement solutions.
Constellation Institutional Markets now offers group annuity contracts through its insurance affiliates. These solutions are designed to help plan sponsors reduce pension risk and enhance balance sheet stability while ensuring the continued delivery of participant benefits.
Brij Grewal, president of institutional markets at Constellation, said: “Re-entering the PRT market is a natural extension of our institutional strategy and a strong demonstration of our expertise in managing long-term liabilities.
“Building on a 40-year track record of success serving the PRT business legacy, we remain committed to putting annuitants first through a rigorous, prudent and long-term approach that provides confidence to plan sponsors and security to participants.”
With its strong financial position, credit ratings and institutional support, the company leverages its multifaceted proficiency in insurance and asset management to support long-term pension obligations.
