OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of the members of Athene Group (Athene). Athene, which is focused on the fixed indexed and fixed annuity market segments, is the consolidation of the organization’s U.S. operating companies, along with Athene Life Re Ltd. (Bermuda), its affiliated reinsurance company. Additionally, A.M. Best has affirmed the Long-Term ICR of “bbb”, the existing Long-Term Issue Credit Ratings (Long-Term IR) and the indicative Long-Term IRs of Athene Holding Ltd. (AHL) (Bermuda). AHL operates as the holding company for the U.S. and Bermuda operations. The outlook of these ratings remains stable. (See below for a detailed listing of Athene’s members and AHL’s Long-Term IRs.)

The ratings of Athene reflect its balance sheet strength, which A.M. Best categorizes as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).

Athene’s balance sheet strength is underpinned by its risk-adjusted capitalization that is at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). This is also supported by relatively low financial leverage at the holding company and solid liquidity. Offsetting rating factors include the company’s investment portfolio, which includes structured securities and alternative assets and is viewed as more aggressive compared with traditional life insurance companies.

The company’s strong trend of earnings and organic capital growth has enabled AHL and its operating companies to strengthen their balance sheets while providing sufficient capital support for growth. Athene has demonstrated a consistent trend of strong profitability and sales growth. This includes recent pension risk transfer growth, solid fixed indexed annuity sales, and the announced acquisition of Voya Financial Inc.’s individual fixed and fixed indexed annuity business via reinsurance.

Athene maintains its position among the leaders in the fixed indexed annuity market. A.M. Best also notes the challenges the company faces in managing risks associated with its expanded retail distribution platform and continued rapid growth. Also noted are the pressures associated with managing assets in support of spread-based liabilities, given the extended low interest rate environment.

The FSR of A (Excellent) and the Long-Term ICRs at “a” have been affirmed with a stable outlook for the following members of Athene Group:

• Athene Annuity & Life Assurance Company
• Athene Annuity & Life Assurance Company of New York
• Athene Annuity and Life Company
• Athene Life Insurance Company of New York
• Athene Life Re Ltd.

The following Long-Term IR has been affirmed with a stable outlook:

Athene Holding Ltd. —
--“bbb” on $1.0 billion 4.125% senior unsecured notes, due 2028

The following indicative Long-Term IRs have been affirmed with a stable outlook:

Athene Holding Ltd. —
-- “bbb” on senior unsecured debt
-- “bbb-” on subordinated debt
-- “bb+” on junior subordinated debt
-- “bb+” on preferred stock

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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A.M. Best

Edward Kohlberg, +1 908-439-2200, ext. 5664

Associate Director

edward.kohlberg@ambest.com

or

Thomas Rosendale, +1 908-439-2200, ext. 5201

Director

thomas.rosendale@ambest.com

or

Christopher Sharkey, +1 908-439-2200, ext. 5159

Manager, Public Relations

christopher.sharkey@ambest.com

or

Jim Peavy, +1 908-439-2200, ext. 5644

Director, Public Relations

james.peavy@ambest.com

Source: A.M. Best

More than 750 executives, regulators and industry leaders from 15 countries attended the 2026 Bermuda International Life & Annuity Conference, hosted by the Bermuda International Long Term Insurers and Reinsurers (BILTIR).

The conference took place Sept. 28-29 in Bermuda. About half of attendees traveled from outside the country, according to BILTIR.

Sessions covered investment strategies, private credit, artificial intelligence, regulatory oversight and the relationship between the U.S. and Bermuda insurance markets.

The conference also introduced technical sessions on structured assets and AI integration, along with two Deal Rooms for private discussions.

BILTIR Board Chair Natasha Scotland Courcy, CEO and general counsel at Athene Life Re, spoke about the need for long-term financial security as populations age.

Regulators discuss investment and oversight

Craig Swan, CEO of the Bermuda Monetary Authority, joined BILTIR CEO Suzanne Williams for a discussion on Bermuda’s regulatory credibility and competitiveness.

National Association of Insurance Commissioners President Scott White also addressed how changes in investment strategies and technology are affecting insurance supervision.

Other sessions examined risk transformation, structured assets, private credit and the use of artificial intelligence in insurance. Discussions also covered geopolitical and demographic trends affecting retirement and capital flows, Bermuda’s connections with Asian markets, and factors that influence where reinsurance companies conduct business.

The conference’s keynote speaker was General David H. Petraeus, a partner at KKR and former director of the Central Intelligence Agency. Petraeus discussed global power dynamics and how new ideas can contribute to business growth.

The agenda also included discussions about the U.S.-Bermuda insurance value chain and the role Bermuda plays in the international life and annuity market.

BILTIR announces 2027 conference dates

BILTIR announced that its 2027 Bermuda International Life & Annuity Conference will expand to three days, running Sept. 20-22, 2027.

BILTIR represents Bermuda’s long-term insurance and reinsurance industry. Its membership includes 80 annuity, life insurance, reinsurance businesses and servicing companies, according to the organization.

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