Filed Under:Annuities, Fixed Indexed

NY moves again on annuities

Benjamin Lawsky, superintendent of the New York State Department (AP Photo/Mike Groll)
Benjamin Lawsky, superintendent of the New York State Department (AP Photo/Mike Groll)

A private equity firm that is acquiring Aviva's annuity business has agreed to comply with heightened capital standards in connection with the acquisition.

The acquisition is being made by Athene Holdings, which is controlled by private equity firm Apollo. The decision of Apollo Global Management LLC (Apollo) to accept the heightened consumer protection was announced by Benjamin Lawsky, superintendent of the New York State Department of Financial Services (NYDFS).

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Nichole Morford

Nichole Morford
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