Athene’s Parent Shrugs at MYGA Sales
August 8, 2023 by Allison Bell
Marc Rowan, the CEO of the investment company that controls Athene Holding, is not excited about the idea of Athene writing more multi-year guaranteed annuity contracts.
Higher interest rates helped push total U.S. MYGA sales to $40 billion in the first quarter, up 173% from the total for the first quarter of 2022.
Wink’s Moore on the Market: Based upon the participant sales Wink, Inc. is receiving, Apollo Global Management, Inc.‘s Athene isn’t the only company leaving MYGA $$s on the table. -sjm
Originally Posted at ThinkAdvsior on August 3, 2023 by Allison Bell.
Categories: Industry Articles
