What an Annuity Giant Is Telling Investors About COVID-19 Risk
March 31, 2020 by Allison Bell
The virus that causes COVID-19 — severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) — looks as if it could have an obvious effect on health insurers’ claims, and on life insurers’ life insurance claims.
How much of an effect could it really have on annuity issuers?
Athene Holding Ltd., a large annuity issuer based in Pembroke, Bermuda, has addressed that question in a risk factors addition in a preliminary prospectus supplement for a future note offering.
The supplement would help Athene issue senior notes due in 2030. The principal amount and the interest rate are yet to be determined.
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Originally Posted at ThinkAdvisor on March 31, 2020 by Allison Bell.
Categories: Industry Articles
