Athene Announces Block Reinsurance Transaction with Sony Life in Japan

Core Insights - Athene has announced a block reinsurance transaction with Sony Life Insurance Co. Ltd., marking its second block reinsurance deal with Japanese insurers and its eighth transaction overall in Japan since entering the market five years ago [1][2] - The total reinsurance transaction volume with Japanese cedants has now reached approximately $19 billion, driven by Athene's balance sheet strength, growth capital, and alignment with Apollo Global Management [1][2] Company Overview - Athene is a leading retirement services company with over $400 billion in total assets as of June 30, 2025, and operates in the United States, Bermuda, Canada, and Japan [3] - The company focuses on providing financial security through a suite of retirement income and savings products, while also serving as a solutions provider to corporations [3] Market Positioning - Athene's robust balance sheet and strong capital profile position it as a preferred partner in the Japanese retirement market, addressing the unique needs of Japanese policyholders [2] - The collaboration with Swiss Re to retrocede all mortality risk associated with the block enhances Athene's capability to provide tailored solutions and flexible capital to Japanese insurers [1][2]