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Athene Holding completes $320mn pension risk transfer deal

11 August 2017

Bermuda life insurer Athene Holding entered the pension risk transfer market for the first time in the second quarter as its Iowa life insurance subsidiary assumed $320mn of liabilities.

Athene will provide annuity benefits to over 10,000 retirees under the group annuity deal, the company said in its Q2 earnings report.

The holding company of Athene's European operations , AGER Bermuda Holding, also announced this week that it will acquire Dublin-based insurer Aegon Ireland.

AGER vice president Deepak Rajan said...

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