Athene Holding signs flow reinsurance treaty with Lincoln Financial
Bermuda-based Athene Holding has entered into a flow reinsurance treaty with US-based Lincoln Financial Group.
Under the terms of the treaty, insurance subsidiaries of Athene will reinsure traditional fixed and fixed indexed annuities sold by Lincoln Financial.
"Athene is pleased to begin this new partnership with Lincoln Financial Group," said Jim Belardi, CEO of Athene. "Our flow reinsurance products help our partners like Lincoln Financial improve their value proposition and expand their customer base and distribution reach. We continue to add new partners and diversify our product portfolio to enhance our market leadership position in this channel."
Athene's subsidiary Athene Life Re (ALRe) specialises in fixed annuity reinsurance. According to the company, ALRe has completed reinsurance transactions with 18 third-party cedents since its inception in 2009.
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