ATTORNEY NEWSLETTER
Athene Holding Ltd. Has completed its acquisition of Aviva USA Corp. The new entity is now called Athene USA and is headquartered in West Des Moines, Iowa. Regulators in Iowa and New York approved the deal after a stipulation was signed. The stipulation requires more oversight and higher reserve requirements. California deferred annuity attorneys are glad to hear that more oversight was a requirement for regulators.
The merger caused concerns regarding the viability of private equity firms purchasing annuity companies. Athene’s major shareholder is a publicly traded capital fund managed by Apollo Global Management LLC. Critics of the deal claim that private equity has a propensity for buying and then selling holdings quickly and that investment strategy may not be suited for long-term investment products such as annuities. California deferred annuity attorneys warn senior citizens to consider their investment options before purchasing annuities.
Aviva USA was a major player in the annuity market in the United States. Athene USA has approximately $60 billion in assets, which makes it one of the largest annuity companies in the United States. California deferred annuity attorneys say that senior citizens should be wary of purchasing investments that have surrender charges. If you have an annuity that you purchased and have concerns about it, the Evans Law Firm, Inc. will review it for free and let you know if you have any legal options.
Evans Law Firm, Inc. handles elder abuse, financial elder abuse, physical elder abuse, annuity fraud, consumer fraud class actions, insurance and banking fraud cases. If you think that you have witnessed or are the victim of elder abuse, or financial fraud then contact Evans Law Firm, Inc. at 415-441-8669 for a free and confidential consultation, or email us at info@evanslaw.com
