Last December, Athene Holding Ltd. announced its intention to purchase Aviva USA. From the beginning of this process, Athene was clear that its strategic focus is on growing the combined annuity businesses with a goal of becoming a world leader in the industry.
Since January, Athene has worked diligently on plans to integrate their annuity operations while moving forward on its goal to sell the life business to another company. Today, IMS is pleased to report that Athene has sold its AVIVA Life Division t0 Global Atlantic Financial Group, through their subsidiary Commonwealth Annuity and Life Insurance Company.
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