OneAmerica is back in the pension risk transfer business.
Its American United Life Insurance Co. announced Tuesday the completion of its first pension liability settlement in 20 years.
"We looked at our existing capabilities, and we looked at the marketplace, and made what was a pretty clear decision to get back into the pension risk transfer business," explained Blaine Reber, OneAmerica's field VP of Pension Risk Transfer.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
