Apollo Global bought insurance affiliate Athene last year. Belgium is a target market for Athora, where we The offering involved October 4, 2022. The Company's retirement services business is operated by Athene, which provides a suite of retirement savings products and acts as a solutions provider to institutions. premier European life insurance consolidator and life reinsurance Apollo's geographic coverage spans Europe, North America, and Asia. Athora focuses on buying up books of life insurance policies, many of which are closed to new customers. today that it will acquire Generali Belgium S.A. (Generali Belgium), After Closing, VIVAT will remain a Dutch-regulated entity, its insurance policies will stay in the Netherlands. Athora Holding Ltd. completes third capital raise, securing approximately 2.75 billion of additional common equity commitments 15th December 2022 Athora Leben sets profit participation at 4.0 percent total interest rate for third straight year 25th November 2022 After adjusting for the Acquisition, Athora will have approximately 10 Part of the capital will be used to fund the purchase of VIVAT and to strengthen VIVAT's balance sheet. Athora is buying a 16 billion euro closed life book from AXA Germany and recently completed the purchase of a closed life book from NN Group's Belgian unit. 2 . Try For Free This is Athora's third funding round and brings total capital raised to over six billion euros since it was spun off from Athene Holding in 2018, it added. Athora acquired Amissima for an undisclosed amount . PEMBROKE, Bermuda--(BUSINESS WIRE)-- All aspects of our business (especially customer service, risk management, compliance, financial management and information technology) work together to support these stakeholders, allowing us to achieve a balance that results in a strong, sustainable franchise. subscriptions representing approximately 2.2 billion from global Apollo, including Athene, has five members on Athora's Board. The advantages we bring are defined by efficient and effective operations, highly skilled team members who provide expert services, and sophisticated risk, capital and asset management capabilities. Acquired Organization: Amissima Amissima is an insurance company. The strategic relationship with Athene provides Athora with expertise and insight of an experienced management team to support the creation of a successful insurance group tailored to the specific market requirements in Europe. Acquiring Organization: Athora Athora is a Bermuda-based insurance and reinsurance group . View source version on businesswire.com: https://www.businesswire.com/news/home/20180403005713/en/, Athora Media ContactsAll markets except Germany:Kate Apollo Global Management, Inc. (NYSE: APO), Apollo Commercial Real Estate Finance (NYSE: ARI), MidCap Financial Investment Corp. (NASDAQ: MFIC), Apollo Asset Management (NYSE: AAM PrA-B), Apollo Senior Floating Rate Fund (NYSE: AFT), https://www.businesswire.com/news/home/20180403005713/en/. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 1 688 0357kate.campbell@athora.comorBenelux:Charlotte One of our core competencies is the successful integration of acquired companies and employees into our organisation. Contacts Athora Media Contacts All markets. Eric Viet, Athora Group Regional CEO and Chairman of Amissima Vita, said: Today is an important milestone for Athora as we enter the Italian market through the acquisition of Amissima Vita and welcome over 150,000 customers and 95 employees. clients through a network of over 1,000 independent brokers. MADRID (Reuters) -U.S. buyout firm Apollo made a cash bid for Applus Services on Friday which values the Spanish industrial testing company at 1.23 billion euros ($1.33 billion). Generali Belgium is Athora's third acquisition and country, and its first predominantly non-life company. Belgium is a perfect fit for our strategy and growth plans in the Apollo to sell Italy's Amissima Vita to life insurer Athora - Yahoo Finance The quality and long-term nature of our investor base provides Athora with the access to stable capital required to execute on our business model and build the premier specialist solutions provider in the European insurance market. Athora Holding Ltd. Completes Acquisition of Aegon Ireland | Apollo The transaction also demonstrates Athoras extensive experience Athora industries Reinsurance Insurance Portfolio transfers M Athora's financial review Athora's Revenue (Yearly) 484.7M Employees 620 Total Funding 7.3B Last Funding Round 2.9B See all Athora's financial information Employee Metrics Total Employee Count Employee Retention 0.0% 6 Month Growth 0.0% 1 Year Growth 33.3% View 3979 boats for sale in the United States Advanced Search. Group Head of Corporate Affairs: +353 86 406 2472 the Belgium-based subsidiary of international insurance group In January 2019, we acquired Generali Belgium SA, which offers a broad range of life insurance solutions to individualand corporate customers in Belgium. Athene retains a minority interest in Athora and has one member on Athora's Board. The company The affirmation follows the announcement that Athora Holding plans to acquire Amissima Vita S.p.A. from investment funds managed by affiliates of Apollo Global Management, Inc. (IDR: A/Stable). In April 2017, Athora received binding subscriptions through a private Longtime Showtime executive David Nevins named CEO of North Road Company, EMEA Morning Briefing: Shares to Edge Higher Amid Subdued Trading, Sector Update: Financial Stocks Advancing Late Friday, Sector Update: Financial Stocks Rising Friday Afternoon, Apollo Global Management Offers to Buy Spain's Applus Services for $10.37 per Share. Athora has raised new equity commitments from existing shareholders to finance this transaction. Through our subsidiaries, we focus on both growing our franchise, via acquisition, transfer or reinsurance of portfolios from other insurers . View source version on businesswire.com: https://www.businesswire.com/news/home/20180418006002/en/, Athora Media ContactsAll markets except Germany and Search Crunchbase . global investors including affiliates of Apollo Global Management, LLC Reuters Apollo to sell Italy's Amissima Vita to life insurer Athora . The History of Apollo Global Management - A Timeline | Apollo Global Commenting on the conclusion of the transaction Athora Group CEO Michele Bareggi states: We are delighted to welcome VIVAT to the Athora family. Athora Holding Ltd. (together with its subsidiaries, Athora) announced Athora Holding Ltd. is domiciled in Bermuda. These capital management measures, which will follow after Closing, include: In addition, VIVAT has announced today the launch of a tender of its senior notes. Apollo Global Management Acquires Athora Holding - Mergr nearly 400 employees across four offices. The non-binding voluntary offer depends on investors holding at least 75% of the company's shares . Athora Holding Ltd., an insurance affiliate of Apollo Global Management Inc., is nearing a deal to buy a life portfolio in Germany from AXA SA, people familiar with the matter said. (NYSE: APO). Ireland, and Athora Life Re, a Bermuda-domiciled reinsurer. Athene is no longer a publicly traded company listed on the New York Stock Exchange. Athora Holding is a Bermuda-based insurance and reinsurance group established to be specialist solutions provider for the European insurance market. sabine.post@confidantpartners.com, Other Markets: 2018. MaibaumHering Schuppener+49 69 921 874 26amaibaum@heringschuppener.com. in successfully acquiring and integrating businesses, Mr Bareggi added. Home | Athora PEMBROKE, Bermuda, 2 April 2020 Athora Holding Ltd. (Athora) announces today the closing of the transaction to acquire VIVAT N.V. (VIVAT) from Anbang Group Holdings Co Limited. The new capital raise included an additional commitment of 500 million from Athene and Apollo, with part of the proceeds used to fund the purchase of VIVAT, and strengthen VIVAT's . Additionally, Athora is supportive of Zwitserleven and Reaals current strategy for their life portfolios. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Athora's shareholders also include the Abu Dhabi Investment Authority. Athora is aleading European savings and retirement services group. We have primary insurance businesses in Belgium, Germany, Italy and the Netherlands and reinsurance subsidiaries in Bermuda and Ireland. drawn on the successful capital raise after its deconsolidation from its Apollo Automobil (previously known as Gumpert Sportwagenmanufaktur) is a German sports car manufacturer headquartered in Denkendorf.Roland Gumpert, who founded Gumpert Sportwagenmanufaktur in 2004, once held the position of director of Audi Sport. In September 2021, Athora announced its plans to acquire Italian life insurer Amissima Vita S.p.A. As co-founder of Athora, Apollo retains a strategic relationship with Athora. Company) today announced that it has completed the acquisition of Athora Holding Ltd. completed the acquisition of Amissima Vita S.p.A We have a long-term vision and strategic commitment in the Dutch insurance market and VIVAT is the perfect local business for achieving our goals. Buyout fund Apollo makes $1.33 billion bid for Spain's Applus Athora completes acquisition of Italian life insurer, Amissima Vita S.p.A. Athora acquires Amissima - 2021-09-23 - Crunchbase Apollo to sell Italy's Amissima Vita to life insurer Athora Our ambition is to create a focused long-term insurance and reinsurance business and a well-recognised European brand across both retail and insurance clients, take on specific business segments, companies and portfolios which are non-core to their existing owners and make them the full focus of our business activity, provide long-term certainty, return and security to our policyholders, and generate stable returns for our shareholders. The closing is expected to take place within the first half of 2022 and is subject to the approval of the competent Authorities. (Brussels), Athora Lebensversicherung AG (Wiesbaden, Germany), Athora Ireland plc (Dublin) and Athora Life Re Ltd. (Bermuda). For more information see www.athora.com. We view four main stakeholders for our business: customers (including end consumers, distribution partners and insurers), employees, regulators and shareholders. Athora has raised new equity commitments from existing shareholders to finance this transaction. 7-Day Free Trial. country.. We dedicate our focus, capital, time and technical insights to offering our customers a stable, long-term performance on our products. Apollo said in a . Athora Holding Ltd. entered into a definitive agreement to acquire Amissima Vita S.p.A. from Apollo Global Management, Inc. (NYSE:APO) and others on September 22, 2021. Apollo History. placement of common equity securities. market. Athora Announces Closed Life Book Transaction with AXA Germany serves the Belgian market with a comprehensive product set including All Things Business Milton Keynes & Bedfordshire Advertising Services Milton Keynes, England Apollo had assets under management of approximately $548 billion as at 31 December 2022. LONDON, Nov 2 (Reuters) - Athora has raised two billion euros ($1.98 billion) in equity commitments from new and existing shareholders, the specialist European life insurer said on Wednesday. A transaction may be announced in the coming weeks, the people said. MarketScreener: Created by Investors for Investors! management capacities and operating resources. Our principal operational subsidiaries are Athora NetherlandsNV, Athora Belgium SA, Athora Lebensversicherung AG in Germany, Athora ItaliaS.p.A.,Athora Ireland plcand Athora Life Re in Bermuda. VIVATs core customer brands Zwitserleven, Reaal and ACTIAM will be maintained in the Dutch market and customers will continue to be served accordingly with a consistent focus on financial security, customer centricity and quality of services. Since our founding in 1990, we have established a notable record of success in alternative investments. Apollo-backed Athora to buy Generali Belgium for 540 mln euro non-life business, but builds on a strong non-life track record of Bermuda life reinsurer Athora Re receives AM Best rating Bavaria, Bavaria Cruiser Line, Cruiser 46 for sale, Boats for sale, Used boat sales - Apollo Duck. the European insurance market. Athora is likely to rename the company after completion of the deal; it will . and Allen & Overy served as legal counsel to Athora. HenteEdelman+32 2 227 53 08athora@edelman.comorGermany:Andrea PEMBROKE, Bermuda, 2 August 2022 Athora Holding Ltd. (Athora or the Group), a leading European savings and retirement services group, today announced that it has completed the acquisition of Italian life insurer, Amissima Vita S.p.A. (Amissima Vita). Athora dedicates its focus, capital, time and technical insights to offering its customers a stable, long-term performance on its products. institutional investors and is intended to support capital and Apollo is listed on the New York Stock Exchange under the ticker APO. Insurer Athora raises $2 bln from investors | Reuters Our investor base is comprised of highly sophisticated institutional investors who have taken a long-term approach to their investment in Athora and share our vision for building a market leading insurance and reinsurance business. PRESS RELEASE CEC Entertainment was founded in 1977 and is based in Irving, Texas. The market for back books, or portfolios of old insurance policies, has been an AI-powered legal analytics, workflow tools and premium legal & business news.