Athene to Deepen Bank, B/D Relationships
December 13, 2016 by Cyril Tuohy
Athene USA, a major seller of fixed annuities in the U.S., will seek to expand retail annuity distribution through banks and broker-dealers, CEO Grant Kvalheim said Friday.
The company, based in West Des Moines, Iowa, is a subsidiary of Athene Holding, which raised $1.1 billion in an initial public offering. Athene Holding shares began trading on the New York Stock Exchange Friday morning.
Athene USA was the No. 2 seller of indexed annuities in the U.S. in the third quarter with $1.6 billion in sales, an increase of 184 percent over the year-ago period, according to Wink’s Market & Sales report, which tracks the industry.
Click HERE to view the full report via INN; subscription required