Ameriprise Financial Announces Fixed Annuity Reinsurance Transaction with Global Atlantic

MINNEAPOLIS – March 19, 2019 – Ameriprise Financial, Inc. (NYSE: AMP) (“the company”) announced today that its insurance subsidiary, RiverSource Life Insurance Company, has entered into an agreement with Commonwealth Annuity and Life Insurance Company, a subsidiary of Global Atlantic Financial Group, to reinsure approximately $1.7 billion of fixed annuity policies sold through third parties, which is approximately 20 percent of the company’s in force fixed annuity account balances.

from http://newsroom.ameriprise.com/news/ameriprise-financial-announces-fixed-annuity-reinsurance-transaction-with-global-atlantic.htm

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