Athene Obtains Aviva USA Acquisition Approval
Bermuda-based Athene Holding Ltd. has received approval from the Iowa Insurance Division for its acquisition of Aviva USA Corporation and its subsidiaries, including Iowa-domiciled Aviva Life and Annuity Company.
Athene Holding’s acquisition of Aviva USA is expected to close in the early fourth quarter of 2013.
Athene Chief Executive Officer, Jim Belardi, said: “Athene is pleased that the Iowa Insurance Division has granted approval of our acquisition of Aviva USA.
“This is a transformative event for Athene, and we intend to continue our close working relationship with the IID as we complete this acquisition and integrate the two companies.”
