Examples of ACRA 1A in a sentence
The shares held by ADIP are non-voting and the shares held by ALRe, through its subsidiary Athene Asset LP, represent 100% of the voting power and 36.55% of the economic interests in ACRA HoldCo.** ACRA 1A is the direct parent of ACRAI, indirect parent of ACRA 1B and owns 99% of the economic interest and 100% of the voting power in Athene Co-Invest Reinsurance Affiliate LP.
Notes:* Certain funds managed by Apollo Global Management, Inc (“AGM” and together with its subsidiaries, "Apollo"), referred to collectively as ADIP, own 63.45% of the economic interests in ACRA 1A.
The shares held by ADIP are non-voting and the shares held by ALRe, through its subsidiary Athene Asset LP, represent 100% of the voting power and 36.55% of the economic interests in ACRA HoldCo.** ACRA 1A is the direct parent of ACRAI, indirect parent of ACRA 1B and owns 99% of the economic interest and 100% of the voting power in ACRA LP.
AROC is responsible for reviewing and monitoring ALRe, AARe, AARe II and ALReI’s reinsurance transactions and in certain circumstances the reinsurance transactions of ACRA 1A, ACRA 1B and ACRAI.
ACRA 1A has constituted Conflicts, Audit and Transaction committees that also govern ACRA 1B and ACRAI, with the exception of ACRA 1B which has constituted a Transaction Committee, and are comprised of a combination of executive and senior management and independent board members.
AROC is responsible for reviewing and monitoring ALRe, AARe and ALReI’s reinsurance transactions and in certain circumstances the reinsurance transactions of ACRA 1A, ACRA 1B and ACRAI.
For our Class C reinsurer, ACRA 1A, MMS is equal to the greater of $500,000, 1.5% of the total statutory assets or 25% of ECR.
The shares held by ADIP are non-voting and the shares held by the Group represent 100% of the voting power and 36.55% of the economic interests in ACRA 1A.** ACRA 1A is the direct parent of ACRAI, indirect parent of ACRA 1B and owns 99% of the economic interest and 100% of the voting power in Athene Co-Invest Reinsurance Affiliate LP.
ACRA 1A shall cause each other ACRA Investment Entity to enter into a joinder agreement with the parties hereto which binds such ACRA Investment Entity to the terms, conditions, rights and obligations set forth herein with respect to an ACRA Investment Entity (each such agreement, a “Joinder Agreement”).
The shares held by ADIP are non-voting and the shares held by ALRe represent 100% of the voting power and 36.55% of the economic interests in ACRA 1A.** ACRA 1A is the direct parent of ACRAI, indirect parent of ACRA 1B and owns 99% of the economic interest and 100% of the voting power in Athene Co-Invest Reinsurance Affiliate LP.