AuguStar sheds Ohio National legacy with ‘all products in all channels’ bid
July 25, 2023 by John Hilton
When Constellation Insurance sought to dive into the annuity market, the insurer first had to address the difficult legacy of Ohio National.
By the time Constellation acquired the troubled insurer in 2022, Ohio National had torched some bridges with producers with its controversial decision to eliminate trailing commissions in 2018. The insurer also ceased selling annuities that year.
Click HERE to read the full story via INN
Wink’s Moore on the Market: Many are voicing dissent over the launch of AuguStar Retirement because of past decisions that were made.
I am not going to dismiss what you went through.
However, the people that made those decisions are no longer with the company.
I know the new senior leadership of this company intimately. I feel confident that, should distribution give them the opportunity, they will change hearts and minds.
Kudos to my pal John Hilton for the coverage with InsuranceNewsNet. -sjm
