ATHENE HOLDING LTD. (NYSE:ATH) Files An 8-K Other EventsItem 8.01Other Events.
On June 13, 2018, Athene Holding Ltd. (the “Company”) issued a press release announcing that a subsidiary of the Company had received notice of a regulatory matter from the California Department of Insurance. The matter involves previously disclosed administration issues relating to certain life insurance policies that were reinsured to affiliates of Global Atlantic Financial Group Limited ("Global Atlantic") in connection with the Company's acquisition of Aviva USA Corporation. Under the terms of the relevant reinsurance agreements, the applicable affiliates of Global Atlantic have financial responsibility for the life insurance policies ceded and are subject to significant administrative service requirements, including compliance with applicable law. The agreements also provide for indemnification to the Company, including for administration issues. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference to this Item 8.01.
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Item 9.01 |
Financial Statements and Exhibits. |
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99.1 |
Press Release of Athene Holding Ltd. dated June 13, 2018
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Athene Holding Ltd ExhibitEX-99.1 2 caotscpressrelease.htm EXHIBIT 99.1 Exhibit News ReleaseATHENE COMMENTS ON RECENT NOTICE FROM CALIFORNIA DEPARTMENT OF INSURANCE PEMBROKE,…To view the full exhibit click here
About ATHENE HOLDING LTD. (NYSE:ATH)
Athene Holding Ltd. (Athene Holding) is a Bermuda-based life insurance holding company. The Company is principally focused on the retirement market and whose business, through its subsidiaries, is focused on issuing or reinsuring fixed and equity indexed annuities. Athene Holding’s subsidiaries are Athene Annuity & Life Assurance Company, Athene Life Insurance Company, Investors Insurance Corp, and Athene Life Re Ltd. The products offered by Athene Holding, through its subsidiaries, include retail fixed and equity indexed annuity products; institutional products, such as funding agreements, and co-insurance and reinsurance arrangements with third-party life insurance and annuity providers. Assets of Athene Holding’s subsidiaries are managed by Athene Asset Management LLC.