Filed Under:Your Practice, Regulatory

Deal sealed

With the acquisition complete, NUL speaks with Athene Holding President Grant Kvalheim about the Aviva USA deal

Grant Kvalheim, Athene Holding president
Grant Kvalheim, Athene Holding president

The announcement on Oct. 2 that Athene Holding Ltd. (Athene) had closed its acquisition of Aviva USA corp. resulting in the newly formed Athene USA was not a surprise to anyone. The deal had been closely monitored by the press, industry analysts and regulators with most concluding that the acquisition, announced Dec. 21, 2012, would take close to a year to complete, though it only took nine months.

Athene, who has made four acquisitions within the past two years, knew the mechanics behind such a deal and anticipated finalization happening around this time. The rather complex transaction, which drew in regulators from NY, Delaware and Iowa, was taking place while Athene was simultaneously selling Aviva USA’s life insurance arm to Global Atlantic Financial Group.

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Nichole Morford

Nichole Morford
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