Athene Holding Ltd. News

Here’s a Rundown of How Greensill Unraveled, the Key Players, and What Could Be Next

Lex Greensill’s business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday, Greensill Capital filed for administration in the UK, capping a stunning collapse for its founder. The bank that he owns …

Greensill Downfall Began with Firing of Insurance Manager at Sydney Unit of Tokio Marine

The debacle that led to the unraveling of Lex Greensill’s trade-finance empire began with the firing of a manager at a Sydney unit of insurance giant Tokio Marine Holdings Inc. last year. After the July 8 dismissal by Bond & …

Greensill Capital’s Funding Crisis Could Lead to Losses for Insurers, Banks: Analysis

LONDON – A funding crisis at Greensill Capital could spill over to some of its high-risk borrowers and lead to losses for insurers and banks that have done business with the UK-based supply chain finance firm if its clients default, …

Seeds of Greensill Capital’s Swift Fall Triggered When Credit Insurer Balked at Renewal

The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer called Bond and Credit Company decided not to renew insurance policies covering $4.6 billion in corporate loans backed by the …

Investment Firm Apollo Hikes Stake in Athene to 35% in Deal Worth $1.55B

Apollo Global Management Inc. is doubling down on its investment in Athene Holding Ltd., increasing its stake to 35% and deepening the ties between the two firms. Apollo will acquire approximately 35.5 million common shares of Athene for about $1.55 …

Apollo’s Insurer Unit, Athene Holding, Quietly Settles Harassment Case Against CEO

The allegations described a boss letting loose with profane tirades, sexist insults, racist comments, even physical intimidation. Purported incidents piled up for four years inside the sprawling investment empire of buyout mogul Leon Black, ending only when the accuser left …

Enmity Erupts Between Former Private Equity Partners Over Lucrative Insurance Units

Nearly a decade ago, Imran Siddiqui helped engineer a shrewd maneuver for buyout mogul Leon Black’s Apollo Global Management LLC, one that’s yielded many millions for the firm. Then Siddiqui and Apollo parted ways — and the sparks are still …

Generali Evaluates Offers for Its $49B German Life Insurance Portfolio: Sources

Athene Holding Ltd. and Viridium Group GmbH submitted binding bids for Assicurazioni Generali SpA’s 40 billion-euro ($49 billion) German life insurance portfolio, according to people with knowledge of the matter. Generali is working with Morgan Stanley to evaluate bids, the …

Apollo’s Life Insurance Unit Athene Holding Said to Be Examined for Caesars Link

Apollo Global Management LLC’s dual stakes in an insurer and the largest operator of U.S. casinos are drawing scrutiny by New York’s top financial regulator, who doesn’t want policyholders exposed to the gambling firm’s debt, a person briefed on the …