July 22, 2017 3:39 PM ET

Insurance

Company Overview of Athene Annuity and Life Company

Company Overview

Athene Annuity and Life Company provides life insurance and annuities for customers. The company was formerly known as Aviva Life and Annuity Company and changed its name to Athene Annuity and Life Company in March 2014. Athene Annuity and Life Company was founded in 1896 and is based in West Des Moines, Iowa. Athene Annuity and Life Company operates as a subsidiary of Athene Annuity & Life Assurance Company.

7700 Mills Civic Parkway

West Des Moines, IA 50266

United States

Founded in 1896

Phone:

800-800-9882

Fax:

800-531-0038

Key Executives for Athene Annuity and Life Company

President
Age: 61
Compensation as of Fiscal Year 2017.

Athene Annuity and Life Company Key Developments

Athene Holding Ltd. Provides Hudson Litigation Update

On June 12, 2015, Don Hudson, on behalf of himself and others similarly situated, filed a putative class action complaint in the United States District Court, Northern District of California against Athene Holding Ltd., its subsidiaries Athene Annuity and Life Company (AAIA), Athene USA Corporation, and Athene Life Re Ltd. in addition to Apollo Global Management, LLC and Athene Asset Management, L.P. The complaint, which is similar to complaints recently filed against other large insurance companies, purports to be brought on behalf of a class of purchasers of annuity products issued by AAIA between 2007 and the present. The complaint primarily alleges that captive reinsurance and other transactions had the effect of misrepresenting the financial condition of AAIA. There are also various allegations related to the purchase of Aviva USA Corporation and concerning entry into a modco transaction with ALRe in October 2013. The suit asserts claims of violation of the Racketeer Influenced and Corrupt Organizations Act and seeks compensatory damages, trebled, in an amount to be determined, costs and attorneys' fees. On March 25, 2016, the matter was transferred to the United States District Court, Southern District of Iowa (the S.D. IA Court"). The company moved to dismiss an amended complaint on June 30, 2016. On May 11, 2017, the S.D. IA Court, in a written decision, dismissed the action. Although plaintiff has a right to appeal the dismissal, in a similar case on April 13, 2017, the Eight Circuit affirmed the district court's dismissal of the claims in Ludwick v. Harbinger Grp. Inc. The company believes it has meritorious defenses to the claims set out in the amended complaint and intends to vigorously defend any appeal and the litigation.

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