Life Insurance & Pensions ALL IBR | Life Insurance & Pensions Life Insurance & Pensions Home |News |White Papers |Suppliers |Companies Return to: IBR Home | Life Insurance & Pensions Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Life Insurance & Pensions News IID approves Athene’s acquisition of Aviva USA IBR Staff Writer Published 16 August 2013
Regulatory authority Iowa Insurance Division (IID) has approved Athene Holding’s acquisition of Aviva USA and its subsidiaries, including Iowa-domiciled Aviva Life and Annuity.
Athene Holding CEO Jim Belardi said that the approval is a transformative event for the company.
"We intend to continue our close working relationship with the IID as we complete this acquisition and integrate the two companies," Belardi added.
The $1.55bn acquisition, which is expected to be completed in the fourth quarter of 2013, was first revealed in December 2012.
Athene Holding, which is owned by several large institutional investors, is a provider of products in the retirement savings market. As at 30 June 2012, the company had assets of $14.8bn and shareholder's equity of $1.9bn.
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Financial Services> Insurance> Life Insurance
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