WEST DES MOINES, Iowa, Feb 24, 2010 (BUSINESS WIRE) — American Equity Investment Life Holding Company (NYSE: AEL), a leading underwriter of index and fixed rate annuities, today reported 2009 fourth quarter operating income1 of $28.7 million, or $0.48 per diluted common share, an 86% increase over adjusted2 fourth quarter 2008 operating income of $15.4 [...]
A.M. Best Downgrades Ratings of Liberty Life Insurance Company; Maintains Under Review with Negative Implications – MarketWatch
A.M. Best Downgrades Ratings of Liberty Life Insurance Company; Maintains Under Review with Negative Implications OLDWICK, N.J., Oct 25, 2010 (BUSINESS WIRE) — A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and issuer credit rating to “a-” from “a” of Liberty Life Insurance Company (Liberty Life) (Greenville, S.C.). [...]
FT.com / Companies / Financial Services – Old Mutual sheds US life unit
This is old new, but indicative of the challenges facing the U.S. fixed index annuity business with the compression of spreads. By Philip Stafford Published: August 6 2010 09:26 | Last updated: August 6 2010 22:40 Old Mutual has sold its US life business to hedge fund Harbinger Capital for $350m (£219m) in a deal [...]
Athene Life Re Ltd. – Reinsurance for Life and Annuity Insurance Companies
Athene Life Re Ltd. (“Athene”) is a Bermuda based subsidiary of Athene Holding Ltd., focused on the growing retirement services market. Athene’s core business is fixed annuity reinsurance and its primary customers are life and annuity insurance companies. Specific liabilities reinsured include equity-indexed, multi-year guarantee and traditional one-year guarantee fixed deferred annuities, immediate annuities and [...]
Athene Life Re
Athene Life Re Ltd. (“Athene”) is a Bermuda based subsidiary of Athene Holding Ltd., focused on the growing retirement services market. Athene’s core business is fixed annuity reinsurance and its primary customers are life and annuity insurance companies. Specific liabilities reinsured include equity-indexed, multi-year guarantee and traditional one-year guarantee fixed deferred annuities, immediate annuities and [...]
Athene Life Re Ltd.: Private Company Information – BusinessWeek
October 25, 2010 1:38 PM ETINSURANCEAthene Life Re Ltd.SnapshotPeople COMPANY OVERVIEW Athene Life Re Ltd., a reinsurance company, provides fixed annuity reinsurance solutions to life and annuity insurance companies in Bermuda. The company offers reinsurance solutions for equity-indexed, multi-year guarantee, and traditional one-year guarantee fixed deferred annuities, as well as for immediate annuities and funding [...]
Insurance News – Athene Holding Ltd. to Acquire Liberty Life Insurance Company from Royal Bank of Canada
Athene Holding Ltd. to Acquire Liberty Life Insurance Company from Royal Bank of Canada October 22, 2010 | Business Wire, Inc. HAMILTON, Bermuda–(BUSINESS WIRE)– Athene Holding Ltd. is pleased to announce that it has signed a definitive agreement to acquire Liberty Life Insurance Company, a subsidiary of Royal Bank of Canada, for a purchase price [...]
Leon D. Black Profile – Forbes.com
Leon D. Black, age 58, has been a director since June 2001. Mr. Black is the Chairman of the Board and Chief Executive Officer of Apollo Global Management, LLC and a Managing Partner of Apollo Management, L.P. which he founded in 1990 to manage investment capital on behalf of a group of institutional investors, focusing [...]