ATH News & Events

Athene intends to enter a block reinsurance transaction with Sony Life Insurance. As part of this transaction, Athene will reinsure an in-force block of U.S. dollar denominated whole life insurance policies and will enter into an agreement with leading reinsurer Swiss Re to retrocede all mortality risk associated with the block.

Athene announced that its Board of Directors has appointed Grant Kvalheim as CEO, effective July 1, 2025. Kvalheim, a 14-year veteran of Athene, most recently served as President, with responsibility for running the company's U.S. operations, as well as growth initiatives. Jim Belardi, Co-founder, was named Executive Chairman and will remain Chief Investment Officer. Athene also announced that Mike Downing and Sean Brennan will be elevated to Co-Presidents of Athene USA. Downing will continue to serve as Athene's COO while Brennan will serve as Athene's CCO. Downing and Brennan will build upon Athene's significant growth to date and drive plans to increase financial security for individuals and serve as a solutions provider to corporations. These appointments represent a natural evolution in Athene's leadership and are aligned with the company's ambitious five-year growth plan as announced at its 2024 Investor Day. To capitalize on the significant market opportunities ahead and drive growth, the company continuously works to elevate and align leaders both in senior leadership and next generation roles.

Apollo, Athene, and Motive Partners announced the purchase of ARS, a guaranteed lifetime income solutions and technology provider for the defined contribution market. With the number of Americans age 65+ expected to increase 40% by 2050, there is a massive need for solutions that provide guaranteed income. To date, the key limiter to bringing these solutions to market has been the lack of a simple, efficient delivery mechanism. ARS has created a distinctive multi-carrier technology, Lifetime Income Builder, that allows guaranteed lifetime income to seamlessly fit into the defined contribution ecosystem, including directly into target date fund products. The investment in ARS was made by the acquisition of all outstanding shares by a new entity owned by Athene and funds advised by Motive Partners. ARS will continue to operate independently as it seeks to scale its multi-carrier offerings across the defined contribution ecosystem. Lifetime Income Builder technology is currently powering the State Street GTC Retirement Income Builder Series, sponsored by Global Trust Company, which is available across a growing number of recordkeeping platforms. Lifetime Income Builder includes annuity guarantees backed by multiple insurers within a target date fund construct.

Athene Holding announced that it has appointed Louis-Jacques Tanguy as executive VP and CFO, effective March 1. Tanguy has served as the chief accounting officer for Apollo since early 2022 and has over 25 years of extensive accounting and financial experience.