Business
Athene Announces Block Reinsurance Transaction with Sony Life in Japan
Transaction marks Athene’s second block reinsurance transaction and eighth transaction with Japanese insurers since entering the market five years ago Athene crosses $19 billion of reinsurance transaction volume with Japanese cedants, driven by balance sheet strength, growth capital and alignment with Apollo WEST DES MOINES, Iowa, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Athene, the leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE: APO), has announced that it
About this update from Apollo Global Management, Inc. (new)
[{"type":"image","alt":"Athene Holding Ltd.","displaySize":"","headline":null,"caption":"Athene Holding Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":51,"url":"https://media.zenfs.com/en/globenewswire.com/fd3ada338364ccf13add990248380547"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Ek2haOKqSW1dKEZ6jQUHBg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTcxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/fd3ada338364ccf13add990248380547","width":300,"height":51}},"lazy":false},{"type":"text","content":"Transaction marks Athene’s second block reinsurance transaction and eighth transaction with Japanese insurers since entering the market five years ago","length":150,"tagName":"p"},{"type":"text","content":"Athene crosses $19 billion of reinsurance transaction volume with Japanese cedants, driven by balance sheet strength, growth capital and alignment with Apollo","length":158,"tagName":"p"},{"type":"text","content":"WEST DES MOINES, Iowa, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Athene, the leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE: APO), has announced that it intends to enter a block reinsurance transaction with Sony Life Insurance Co. Ltd. (“Sony Life”), a top-rated Japanese insurer. As part of this transaction, Athene will reinsure an in-force block of U.S. dollar denominated whole life insurance policies and will enter into an agreement with leading reinsurer Swiss Re to retrocede all mortality risk associated with the block.","length":566,"tagName":"p"},{"type":"text","content":"“Japanese insurers are increasingly turning to more tailored solutions and flexible capital to enhance their financial strength and advance policyholders’ goals,” said Katie Daly, EVP and Global Head of M&A, Reinsurance and Pensions at Athene. “Our retirement and capital expertise put us in a strong position to address needs unique to the Japan market.”","length":359,"tagName":"p"},{"type":"text","content":"“Apollo and Athene’s growing presence in Japan is a direct result of our differentiated model’s ability to bring in capital to support Japanese policyholders,” said Yasuo Kashiwagi, Head of Japan at Apollo. “The combination of balance sheet strength and world-class asset management capabilities fits well with deeper shifts underway in Japan and enables us to provide safe yield solut...