Athene Targets More Acquisitions in 2018
February 27, 2018 by Cyril Tuohy
Rising interest rates will only spur Athene to look at more insurance deals this year, chairman and CEO James R. Belardi said.
Athene announced it would reinsure $19 billion worth of fixed and fixed indexed annuity liabilities from Voya Financial in December, and earlier last year also entered into a flow reinsurance deal with Lincoln Financial.
The economics of the Voya deal seem even better now than on Dec. 21 when the transaction was announced given the rise in bond yields, Belardi told Wall Street analysts.
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