trending Market Intelligence /marketintelligence/en/news-insights/trending/D1Q8q0JhtJZ4XVGd-coP7g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

CEO sees more deals like Lincoln arrangement in Athene's future

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

CEO sees more deals like Lincoln arrangement in Athene's future

After inking a reinsurance agreement with Lincoln National Corp., Athene Holding Ltd. Chairman and CEO Jim Belardi expects to find more partners to grow its business in the U.S. and Europe.

SNL Image

Jim Belardi

Athene Holding Ltd.

Athene has made a number of reinsurance deals with U.S. fixed and indexed annuity players, and announced Aug. 1 it had entered into a partnership with Lincoln. Belardi called the arrangement a "win-win" for both companies, and said he anticipates linking up with more companies for its flow reinsurance business.

The Lincoln deal "expands our distribution ... and they piggyback on us," Belardi said. Lincoln CEO Dennis Glass said on a recent call that the transaction will help his company improve capital efficiency and boost sales and return on equity.

Belardi added that Athene got the U.S. infrastructure it needed in fixed and indexed annuities when it purchased Aviva USA Corp. in 2013. Athene USA Corp. is now one of the top two indexed-annuity providers in the U.S.

In addition to pursuing M&A and growing organically through its retail and institutional channels, Athene would also grow its business by reinsuring what it wants out of potential partners, according to Belardi. Athene has a marketing arm that is seeking and reviewing potential deals, but the company will be careful with whom it partners, and is only looking for high-quality books of business, the CEO said.

In a way that is similar to how the Aviva purchase created an infrastructure platform in the U.S., Aegon Ireland plc's acquisition bid by AGER Bermuda Holding Ltd. is a big opportunity in the retirement and savings markets in Germany and elsewhere in Europe, according to Belardi. Apollo Investment Corp.'s financial backing of AGER has helped bolster the company's coffers as it has $2.5 billion to pursue deals that generate net investment spread, Belardi said.

AGER is the top-level holding company of Athene's Germany operations.