Examples of Athene Life Re in a sentence
Financial strength ratings for Athene Annuity & Life Assurance Company, Athene Annuity and Life Company, Athene Annuity & Life Assurance Company of New York and Athene Life Re Ltd.
Sxxxx 0000, Xxxxx Xxxxxx, 0 Xxxxxx Xxxx, Xxxxxxxxxxx, Xxxxxxx, Xxxx Xxxx SAR Apollo Selling Stockholders If to the Apollo Selling Stockholders other than NCL Athene LLC: c/o Apollo Management VI, LP 9 Xxxx 00xx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 If to NCL Athene LLC: c/o Athene Life Re Ltd.
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Each Borrower will, and will cause each Material Subsidiary to, maintain proper books of record and account, in which full, true and correct entries are made to permit the preparation of financial statements in conformity with GAAP, SAP or other appropriate generally accepted accounting principles, as the case may be (it being understood that Athene Life Re delivers financial statements in accordance with SAP but does not maintain its books and records in accordance with GAAP).
Reinsurers’ share of contract liabilities includes the reinsurance ceded in respect of the acquired REALIC business by the Group’s US insurance operations and at 30 June 2020 also includes amounts ceded in respect of the reinsurance of substantially all of Jackson’s in- force fixed and fixed indexed annuity liabilities to Athene Life Re Ltd, as discussed in note D1.
The charge of $(313) million in half year 2020 in the US operations includes $(764) million for the write-off of the deferred acquisition costs in respect of the reinsured Jackson’s in-force fixed and fixed indexed annuity liabilities to Athene Life Re Ltd.
With effect from 1 June 2020, Jackson reinsured substantially all of its in-force portfolio of US fixed and fixed indexed annuities with Athene Life Re Ltd, which resulted in a pre-tax gain of $846 million, after allowing for the write-off of deferred acquisition costs associated with the business reinsured.
Insurance Group: Athene Bermuda Group Designated Insurer: Athene Life Re Ltd.
For the Group’s US operations, the beneficial impact on the local RBC solvency position of the equity investment by Athene Life Re Ltd in July 2020 (as discussed in note D3) was also factored into the assessment.
The increase in reinsurers’ share of insurance contract liabilities in half year 2020 includes $27.7 billion in respect of the reinsurance of substantially all of Jackson’s in-force fixed and fixed indexed annuity liabilities to Athene Life Re Ltd, as discussed in note D1.