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Second quarter indexed annuity sales were up 15.43 percent when compared to the previous quarter with sales hitting $12.6 billion.
The two insurers have reached settlements with various state regulators regarding their unclaimed property practices.
With the 11 largest sellers of fixed annuities in the U.S. now under its wing, Athene USA is one of the largest fixed annuities companies...
The price is higher than originally set. The focus is now on integrating the two companies.
Less than a month after its Aviva USA buyout, Athene picked up Presidential Life.
While some industry insiders give the deal their seal of approval, the rating agencies are taking a wait-and-see stance.
However, the deal represents a substantial discount from Aviva PLC’s original price for its U.S. unit.
The $500,000 comp deduction cap will apply to captives -- and may affect split-dollar life.