Athene Holding has finalised a flow reinsurance treaty with Lincoln Financial Group, under which Athene insurance subsidiaries will reinsure Lincoln’s traditional fixed and fixed indexed annuities, with effect from August 1st, 2017.
Jim Belardi, Chief Executive Officer (CEO) of Athene, said; “Athene is pleased to begin this new partnership with Lincoln Financial Group.
“Our flow reinsurance products help our partners like Lincoln Financial improve their value proposition and expand their customer base and distribution reach.
“We continue to add new partners and diversify our product portfolio to enhance our market leadership position in this channel.”
Athene Life Re, Athene’s subsidiary, is one of Bermuda’s biggest annuity reinsurers with a core business in fixed annuity reinsurance.
The firm said it has completed reinsurance transactions with 18 third-party cedents since its inception in 2009.