Reinsurance News
Athene
Swiss Re enters US retiree market with landmark $2bn longevity reinsurance deal
17th March 2026
Swiss Re, one of the world's largest reinsurance companies, has entered into its first longevity reinsurance transaction covering US retirees, building on the firm's global track record in the longevity risk transfer space. The reinsurance giant has completed more than 30 longevity reinsurance transactions across the UK, the Netherlands, Singapore, and ... Read the full article
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 announces block reinsurance transaction with Japanese insurer Sony Life
29th September 2025
Athene, a retirement services company and subsidiary of Apollo Global Management, Inc., has announced that it will enter into a block reinsurance transaction with Japanese insurer Sony Life Insurance Co. Ltd. Under the agreement, Athene will reinsure an in-force block of U.S. dollar-denominated whole life insurance policies and will enter into ... Read the full article
Athene names Grant Kvalheim as CEO and Jim Belardi as Executive Chairman
17th June 2025
The Board of Directors of Athene, a retirement services company and subsidiary of Apollo Global Management, Inc., has appointed Grant Kvalheim as Chief Executive Officer (CEO), effective July 1st, 2025, while Co-founder Jim Belardi was named Executive Chairman and will remain Chief Investment Officer (CIO). Additionally, the firm has promoted Mike ... 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 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
AM Best revises outlooks to positive for Athene
26th May 2023
AM Best revises the outlooks to positive from stable for Athene Holding Ltd. and its subsidiaries, a move that reflects the company’s continuing trend of improvement according to the rating agency. At the same time, AM Best affirmed Athene’s Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit ... Read the full article
Athene secures $4.3bn pension deal with Lockheed Martin
28th June 2022
Athene, a retirement services company, has closed its third pension group annuity (PGA) with Lockheed Martin involving the transfer of $4.3bn in pension obligations. Athene’s wholly-owned subsidiaries, Athene Annuity and Life Company (AAIA) and Athene Annuity & Life Assurance Company of New York (AANY), have agreed to provide annuity benefits for ... Read the full article
Athene saw net income more than double in 2021
11th February 2022
Apollo subsidiary Athene has just released its Q4 and FY results for 2021, revealing that the company’s net income between 2020 and 2021 more than doubled. According to the firm’s latest results, its net income in 2020 was $1,446m. This increased over 2021 to $3,718m. However, net income recorded for Q4 ... Read the full article
Apollo & Athene diversify into working capital & supply chain solutions
25th January 2022
Apollo and its subsidiary Athene have entered into a strategic relationship with global bank BNP Paribas, to provide a dynamic new solutions platform for working capital and supply chain needs through Eliant Inventory Solutions (Eliant). Eliant provides domestic and multinational companies with strategic and responsive inventory capital solutions to better optimise their ... 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, 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 income surges on investment result
6th August 2021
Financial services company Athene has reported net income of $1.38 billion for the second quarter of 2021, compared with $824 million for the same period last year. The company attributed the surge to higher adjusted operating income and a favorable change in the net fair value of fixed indexed annuity (FIA) ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
