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Ceres Life
A Texas-domiciled annuity insurer that began issuing policies in 2025, owned by Aventus Capital Inc. (formerly The Westaim Corporation) and selling fixed annuities through independent distribution.
Financial strength
B++
AM Best
AM Best B++ (Good)
AM Best affirmed Ceres Life's B++ (Good) Financial Strength Rating and bbb+ (Good) Long-Term Issuer Credit Rating, with a stable outlook, on July 15, 2026.
Source: AM Best press release, July 15, 2026Owned by Aventus Capital
Ceres Life is the insurance business of Aventus Capital Inc., which was named The Westaim Corporation until September 2026.
Source: Aventus Capital press release, September 14, 2026Began issuing in 2025
Ceres Life began issuing MYGA policies through third-party distributors in September 2025 and added fixed index annuities in February 2026.
Source: The Westaim Corporation 2025 Annual ReportRun live numbers on Ceres Life products
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MYGAs / Fixed Annuities
Selected product: Multi Year Guaranteed Annuity
A fixed annuity group for buyers who want a declared guaranteed rate, principal protection, and tax-deferred growth.
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Multi-Year Guaranteed Annuity
Fixed-rate contracts grouped separately from indexed annuities so guaranteed terms are compared on their own terms.
- Fixed-rate contracts grouped separately from indexed annuities
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Best for: Savers who want a declared fixed rate for a set period and a direct path to each product review.
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Company overview
What Ceres Life is
Ceres Life Insurance Company is a life and annuity insurer domiciled in Texas. AM Best lists it in Austin, Texas; the company's website states that its annuity contracts are issued from Shelton, Connecticut.
Annual report March 2026 · The Westaim Corporation 2025 Annual Report; AM Best; Ceres Life website
The company states that it is licensed to issue annuity contracts in every state except California, Idaho, Maine, Minnesota and New York.
2026-11-14 · Ceres Life website
Scale, labeled
Domicile
Texas
NAIC company code 16755. Legal address in Austin, Texas; contracts issued from Shelton, Connecticut.
2026-11-14 · The Westaim Corporation 2025 Annual Report; Ceres Life website
Owner
Aventus Capital
Aventus Capital Inc. (TSXV: AVTS), formerly The Westaim Corporation.
2026-09-14 · Aventus Capital press release, September 14, 2026
AM Best
B++ (Good)
Financial Strength Rating affirmed July 15, 2026, stable outlook.
2026-07-15 · AM Best press release, July 15, 2026
History highlights
Acquired on February 4, 2025 as ManhattanLife of America Insurance Company and renamed Ceres Life Insurance Company.
Acquired 2025-02-04 · The Westaim Corporation 2025 Annual Report
AM Best first assigned ratings to Ceres Life on July 9, 2025, describing it as a newly formed entity entering the annuity market.
2025-07-09 · AM Best press release, July 9, 2025
Began issuing MYGA policies in September 2025; launched fixed index annuities in February 2026.
Annual report March 2026 · The Westaim Corporation 2025 Annual Report
Ownership
The insurer was previously named ManhattanLife of America Insurance Company. Westaim's Salem Group holding structure completed its acquisition on February 4, 2025, and renamed it Ceres Life Insurance Company.
Acquired 2025-02-04 · The Westaim Corporation 2025 Annual Report
Ceres Life says it was incubated by CC Capital, a New York private investment firm. The Westaim Corporation renamed itself Aventus Capital Inc. on September 14, 2026; CC Capital founder Chinh Chu chairs its board.
2026-09-14 · Ceres Life website; Aventus Capital press release, September 14, 2026
Financial strength
AM Best
B++
Good. Financial Strength Rating with a bbb+ (Good) Long-Term Issuer Credit Rating, stable outlook. First assigned July 9, 2025 and affirmed July 15, 2026.
2026-07-15
About Ceres Life
Ceres Life Insurance Company is a Texas-domiciled annuity insurer. It was acquired and renamed in 2025 and began issuing policies that September.
Annual report March 2026 · The Westaim Corporation 2025 Annual Report
Its parent, Aventus Capital Inc., describes Ceres Life as an annuity insurer built on an AI and cloud-native technology platform.
2026-09-14 · Aventus Capital press release, September 14, 2026
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Sources
- Ceres Life Insurance Company, About page — 2026-11-14
- Ceres Life Insurance Company, Accumulation Solutions page — 2026-11-14
- The Westaim Corporation 2025 Annual Report (MD&A and financial statements) — March 2026
- AM Best, "AM Best Assigns Credit Ratings to Ceres Life Insurance Company" — 2025-07-09
- AM Best, "AM Best Affirms Credit Ratings of Ceres Life Insurance Company" — 2026-07-15
- Aventus Capital Inc. press release, rebrand from The Westaim Corporation — 2026-09-14
- Live product data (Ceres Life MYGA): CANNEX Financial Exchanges via AdvisorWorld — Rendered live
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