5/1/13 4:55 pm EDT
PEMBROKE, Bermuda--(BUSINESS WIRE)--In a transaction contingent upon its pending acquisition of the U.S.
annuity and life insurance operations of Aviva plc (“Aviva USA”), Athene
Holding Ltd. (together with its subsidiaries, “Athene”) announced today
that it has entered into a definitive agreement to sell, through a
reinsurance arrangement, Aviva USA’s life insurance business to
Commonwealth Annuity and Life Insurance Co., a wholly owned subsidiary
of Global Atlantic Financialmore...
1/2/13 12:43 pm EST
NYACK, New York, and HAMILTON, Bermuda, December 31, 2012 - Presidential Life Corporation (Presidential Life) (NASDAQ: PLFE), a Delaware corporation headquartered in Nyack, NY, which markets and sells a variety of fixed annuity, life insurance and accident and health insurance products through its wholly owned subsidiary, Presidential Life Insurance Company, a New York-domiciled life insurance company that has approximately $3.5 billion of admitted assets as of September 30, 2012, and Athenemore...
12/21/12 5:56 am EST
PEMBROKE, Bermuda--(BUSINESS WIRE)--Athene Holding Ltd., a Bermuda-based insurance holding company (“Athene
Holding”, and together with its subsidiaries, “Athene”),
today that it will acquire Aviva plc’s U.S. annuity and life
insurance operations (“Aviva USA”),
including Aviva Life and Annuity Company, based in Iowa, and Aviva Life
and Annuity Company of New York. Athene will acquire Aviva USA, which
has approximately $56 billion of statutory admitted assets as ofmore...
10/1/12 2:30 pm EDT
GREENVILLE, S.C.--(BUSINESS WIRE)--An axiom of military strategy – that no plan survives contact with the
enemy – sums up the challenge Americans face as we prepare for
retirement. A new product from Athene Annuity & Life Assurance Company
is among the first to tackle this challenge head-on.
ATHENE Benefit 10sm is a fixed index annuity paired with an
enhanced benefit rider that provides up to five discrete benefits funded
by a benefit base account. Clients can accessmore...
7/13/12 9:34 am EDT
Presidential Life Corporation (“Presidential Life”) (NASDAQ: PLFE), a Delaware corporation headquartered in Nyack, NY, and Athene Holding Ltd. (“Athene”), a Bermuda-based holding company, today announced a definitive agreement for an Athene subsidiary to acquire Presidential Life for $14.00 per share in cash, representing an aggregate purchase price of approximately $415 million.
The $14.00 per share price represents a premium of approximately 38% over the $10.14 per share closing pricemore...
5/31/12 2:30 pm EDT
GREENVILLE, S.C.--(BUSINESS WIRE)--A multi-year guarantee fixed annuity from Athene Annuity ranked fifth in
sales in its category for the first quarter of 2012, according to the
Beacon Research Fixed Annuity Premium Study, which tracks sales
and product trends in the annuity industry.
“To have a top-selling product is a significant accomplishment,
especially as it comes less than a year after we launched our retail
annuity business,” said Chris Grady, head of retail for Athenemore...
3/7/12 8:08 am EST
A new fixed annuity from Athene Annuity & Life Assurance Company offers a simple solution to millions of Americans whose retirement dreams are being challenged by volatile equity markets and a persistently low personal savings rate.ATHENE MaxRate is a multi-year guarantee annuity with a choice of five or seven-year guarantee periods. It is designed for individuals who are comfortable locking-in money in exchange for the opportunity to earn a higher rate of return, based on their personalmore...
12/20/11 8:08 am EST
Liberty Life Insurance Company today announced it had reinsured $3.1
billion of fixed annuities and similar liabilities. With the completion
of this transaction, Liberty Life will have assets in excess of $7
billion. On a consolidated basis, Athene Holding Ltd., Liberty Life’s
Bermuda-based parent, will have assets of approximately $10 billion and
equity of over $750 million.
“We continue to execute our plan to build a market-leadingmore...
12/15/11 8:08 am EST
Liberty Life Insurance Company, a subsidiary of Athene Holding Ltd., has
expanded its retail annuity operations into the Northeast financial
corridor with the opening of a new sales and marketing office in
The 6,000 square foot facility, located at 500 Delaware Avenue along the
western gateway to Wilmington’s Central Business District, is home to
around 20 senior and support staff in sales, marketing and productmore...
12/13/11 8:08 am EST
Fixed annuity carrier Liberty Life Insurance Company, a subsidiary of Athene Holding Ltd., has added Steven Harris, Jeffrey Robinson and Jay Rosencrance to its national sales team as VP/Relationship Managers.All three are industry veterans with extensive experience in sales and business development for major insurance and annuity carriers. Harris (Southeast region) has held senior relationship management roles with Genworth Financial and Aegon/Transamerica. Robinson (Northwest region) hasmore...