# Venerable Insurance and Annuity Company

Venerable Insurance and Annuity Company is an Insurance based in West Des Moines, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** West Des Moines, United States
- **Region:** North America
- **Address:** West Des Moines, IA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** venerable.com

## Regulatory record

- **Reports private funds:** No

## About

Venerable Insurance and Annuity Company was established in 2018 as an Iowa-domiciled life insurer. The firm was formed to focus on variable annuity block acquisitions and management, led by President and CEO David Gibbons, an industry veteran with prior executive roles at major insurers. The company's strategy centers on acquiring and managing closed variable annuity blocks — liabilities assumed from other insurers via reinsurance or statutory assumption. Venerable holds licenses in all states except New York. The firm deploys capital to fund reserve requirements and hedges market and longevity risk within those blocks, targeting spread-based returns. Deal structures typically involve upfront risk transfer and ongoing administrative servicing. Venerable operates from West Des Moines, Iowa. The firm maintains an unspecified headcount supporting actuarial, underwriting, finance, and risk functions. In 2021, Venerable completed a $45M preferred equity investment from Athene Holding Ltd. and other co-investors (per SEC filings, 2021). The firm has not disclosed total AUM or total professionals. Venerable's structural differentiator: it is one of a small number of specialist US life insurers dedicated exclusively to managing closed variable annuity runoff portfolios, operating as a pure-play in this niche — unlike diversified insurers that retain such blocks on balance sheet alongside new business.

## Sectors

- Insurance
- Financial Services

## People

- David J. Gibbons — President and Chief Executive Officer
- James A. Jacobson — Chief Financial Officer

## Questions

### Who runs Venerable Insurance and Annuity Company?

President and CEO David J. Gibbons runs the firm. He has held senior executive roles at major insurers prior to founding Venerable. James A. Jacobson serves as Chief Financial Officer.

### What is Venerable's investment strategy?

Venerable acquires and manages closed variable annuity blocks, taking on the associated insurance and investment risk via reinsurance or statutory assumption. The strategy involves funding reserves and hedging market and longevity risk to earn spread-based returns.

### Does Venerable have a publicly disclosed AUM or assets under management?

No. Venerable has not publicly disclosed AUM figures. Its financials are reported through regulatory filings as an Iowa-domiciled life insurer.

### Where does Venerable operate?

Venerable is domiciled in Iowa and licensed to sell insurance in all states except New York and the District of Columbia. Its headquarters is in West Des Moines.

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Last updated: 2026-06-03T20:00:00.000Z

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