Reinsurance News
Athene Holding
Athene appoints Scott Campion as Head of New Markets
29th January 2026
Athene Holding Ltd., a life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global Management Inc., has appointed Scott Campion as Head of New Markets. In his new role, Campion will focus on expanding Athene’s capabilities into new and adjacent areas. In a recent LinkedIn post, Campion ... Read the full article
Athene Holding names Louis-Jacques Tanguy EVP and CFO
14th March 2025
Athene Holding Ltd., a retirement services company and subsidiary of Apollo Global Management, Inc., has appointed Louis-Jacques Tanguy as Executive Vice President (EVP) and Chief Financial Officer (CFO), effective March 1st, 2025. Tanguy has over 25 years of extensive experience in accounting and finance. He has served as the Chief Accounting ... Read the full article
AM Best upgrades credit ratings of Athene
21st June 2024
Rating agency AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “a+” (Excellent) of the members of Athene Group (Athene), and has assigned a stable outlook to the ratings. As noted by the ... Read the full article
Fitch downgrades Athene on plan to re-domesticate away from Bermuda
28th December 2023
Fitch Ratings has downgraded the Long-Term rating assigned to Athene Holding Ltd.'s outstanding Series A, B, C, D and E preferred share issuances to BBB-, citing the firm's announcement that its board of directors have approved preliminary steps to re-domesticate from Bermuda to the state of Delaware. According to Fitch, the ... Read the full article
Athene raises $600 million to grow insurance business
8th December 2023
Financial services company Athene Holding Ltd. has confirmed plans to sell $600 million of 5.875% senior unsecured notes due 2034, the proceeds of which will be used to expand its insurance operation. The offering is expected to close on December 12th, 2023, subject to satisfaction of customary closing conditions. The company intends ... Read the full article
Athene reinsures Japanese life risks for FWD. Swiss Re provides mortality retro
27th November 2023
Life and retirement specialist Athene Holding Ltd., which is a Bermuda based subsidiary of global asset manager Apollo, has completed its first block reinsurance transaction in Japan, covering an in-force block of life insurance policies for FWD Life Insurance Co. Ltd. Japanese domiciled insurer FWD Life Insurance Co. Ltd. is part ... Read the full article
Athene Holding makes several senior key appointments
29th June 2023
Athene Holding Ltd. has announced that Michael Consedine, former Chief Executive Officer of the National Association of Insurance Commissioners, has joined Athene as Executive Vice President, Head of U.S. Government and Regulatory Relations. Consedine will report to John Golden, who has been named Executive Vice President, Global Head of Insurance Regulation ... Read the full article
Apollo completes merger with Athene, lifting market cap to $43bn
3rd January 2022
Apollo has now completed its merger with life and retirement reinsurance company Athene Holding Ltd., creating a company with an implied market capitalisation of around $43 billion. Apollo now considers itself a "high-growth alternative asset manager with asset management and retirement services capabilities", with two subsidiaries, Apollo Asset Management (formerly known ... Read the full article
Athene takes on $500mn in pension obligations from Alcoa
15th December 2021
Athene has been transferred approximately $500 million in pension obligations and related assets from Alcoa Corporation. The transfer involves two subsidiaries of Athene and is intended to complement a prior annuitisation announced last month for certain US pension plans. That action, which is now complete, included approximately $1 billion of pension obligations ... Read the full article
Athene, Apollo acquires majority slice of $1bn-rated lending platform Aqua
30th November 2021
Financial services company Athene has acquired a controlling stake in a consumer lending platform backed with funds managed by leading investment firm Blackstone. Aqua Finance’s subsequent valuation sees it hit the $1 billion mark. Apollo is estimating an $80 billion annual run-rate of asset origination across its platforms, which span commercial and ... Read the full article
Athene takes minority share in Australia’s Challenger
7th July 2021
Athene Holding Ltd. and Apollo Global Management have reached an agreement to purchase a 15% minority stake in Challenger Limited from an existing shareholder, marking their entry into the Australian retirement marketplace. Once completed and when combined with other Challenger shares acquired by Athene and Apollo, the acquisition of the 15% ... Read the full article
Athene completes PRT transaction with JCPenney
8th April 2021
Athene Holdings (Athene) has closed a significant pension risk transfer transaction in connection with department store JCPenney's pension plan termination. Under the terms of the transaction JCPenney transferred $2.8 billion in pension obligations to Athene. Athene's wholly-owned subsidiaries, Athene Annuity and Life Company, and Athene Annuity & Life Assurance Company of New ... Read the full article
Athene’s Q3 net income rises by 125% to $622mn
3rd November 2020
Bermuda-based provider of retirement and savings solutions, Athene Holding Ltd., has reported a rise in net income to $622 million for the third-quarter of 2020, driven in part by favourable changes in the fair value of reinsurance assets owing to tightening credit spreads. Net income of $622 million represents a substantial ... Read the full article
Jackson National Life secures $500mn Athene investment
20th July 2020
Jackson National Life Insurance Company has received a $500 million equity investment from Athene Holding. The deal sees Athene receive a 9.9% voting interest corresponding to a 11.1% economic interest in Jackson. “Athene’s investment in Jackson further strengthens our capital position, as we deliver on our long-term strategic objectives,” said Michael Falcon, ... Read the full article
Athene adds Doug Niemann as EVP, Chief Risk Officer
13th May 2020
Retirement services firm Athene Holding has added Doug Niemann as Executive Vice President and Chief Risk Officer. Niemann was formerly Senior Managing Director of Investment Management and Chief Investment Risk Officer for Guardian Life Insurance Company. Effective May 18, Niemann’s appointment sees him replace John Rhodes following his decision to step down ... Read the full article
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