Athene Life Re
Athene Life Re Ltd. (“Athene Life Re”), a subsidiary of Athene Holding Ltd., is a Bermuda-based reinsurance company focused on the growing retirement services market. Athene Life Re’s core business is fixed annuity reinsurance, partnering with primary life and annuity insurance companies to find solutions to their corporate needs, enhancing their presence in the retirement market and improving their financial results.The specific liabilities Athene Life Re reinsures include equity-indexed, multi-year guarantee and traditional one-year guarantee fixed deferred annuities, immediate annuities and funding agreements. Athene Life Re offers quota share reinsurance of future premiums (“flow transactions”) and also reinsures closed blocks of existing business (“block transactions”).
Proceeds of reinsurance transactions are invested in a diversified portfolio of fixed income securities by Athene Asset Management LLC, an investment advisor led by Jim Belardi, Chief Executive Officer and Chief Investment Officer. Athene Asset Management provides investment management, risk management and asset allocation services for Athene Life Re.
As of December 31, 2011, Athene Life Re had assumed economically through Mod-Co and Funds Withheld reinsurance agreements, total assets of $6.9 billion and equity of approximately $480 million.
For more information, click here to be directed to the Athene Life Re website.