West Des Moines’ Athene fined $45 million for unlicensed activity

April 22, 2020 by Tyler Jett

The insurer Athene Holding Ltd., which bases its U.S. operations in West Des Moines, has agreed to pay a $45 million fine after one of its subsidiaries was determined to have worked in New York state without a license.

Athene Annuity & Life Co. finalized 14 pension risk transfer transactions with fund sponsors based in the state, the New York State Department of Financial Services announced in a press release Monday. However, Athene Annuity & Life is not licensed in New York.

Click HERE to read the full story via Des Moines Register.

Originally Posted at Des Moines Register on April 15, 2020 by Tyler Jett.