apollo athora acquisition
This demonstrates Athoras commitment and ability to ensure its customers long-term financial security even in unprecedented times like these. Athora Group Managing Partner Michele Bareggi said: The completion of billion of consolidated assets, roughly 300,000 policyholders, and We dedicate our focus, capital, time and technical insights to offering our customers a stable, long-term performance on our products. Amissima - Crunchbase Company Profile & Funding PanAsia Health Limited announced that it expects to receive funding from Apollo Global Management, Inc. Apollo Global leads debt investment in chipmaker Wolfspeed - media, Goldman Sachs faces big writedown on GreenSky deal - CNBC, Apollo Global Management, Inc.(NYSE:APO) dropped from Russell Small Cap Comp Value Index, Apollo Global Management, Inc.(NYSE:APO) dropped from Russell 1000 Value Index, Apollo Global Management, Inc.(NYSE:APO) dropped from Russell 3000E Value Index, Apollo Global Management, Inc.(NYSE:APO) dropped from Russell Midcap Value Index, Apollo Global Management, Inc.(NYSE:APO) dropped from Russell 3000 Value Index, Other Investment Management & Fund Operators. Apollo Automobil (previously known as Gumpert Sportwagenmanufaktur) is a German sports car manufacturer headquartered in Denkendorf.Roland Gumpert, who founded Gumpert Sportwagenmanufaktur in 2004, once held the position of director of Audi Sport. Athoras strategy is to leverage VIVATs strong capabilities, robust operations and well-invested infrastructure across the group. Athora is a Life insurance and reinsurance group fully focused on the European market. The advantages we bring are defined by efficient and effective operations, highly skilled team members who provide expert services, and sophisticated risk, capital and asset management capabilities. Boats for sale: International. In that time, it has developed the experience and efficiencies critical to succeed as a run-off specialist. . NN Belgium to Sell 3.3 Billion Closed-Book Life - Cleary Gottlieb As co-founder of Athora, Apollo retains a strategic relationship with Athora. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City. Generali Belgium is Athora's third acquisition and country, and its first predominantly non-life company. Athora enters the Italian insurance market, the 3rd largest in Europe, with a disciplined growth plan for Amissima Vita. Apollo Global Management Inc. offered to pay as much as 1.23 billion ($1.33 billion) to acquire all of Applus Services SA, a Spanish company that provides certification and quality control services. In January 2019, we acquired Generali Belgium SA, which offers a broad range of life insurance solutions to individualand corporate customers in Belgium. Benelux:Kate CampbellGroup Head of Corporate Affairs+353 Apollo is listed on the New York Stock Exchange under the ticker APO. Apollo said in a . Apollo provides Athora with specific asset management and specialised investment expertise through its subsidiary, Apollo Asset Management Europe LLP, that includes duration matching strategies to evaluate, source and manage investments originated by Apollo. It operates the yield franchise that spans the full financing universe across private and public markets. The firm will pay 9.50 a share in cash for Applus, according to a regulatory filing Friday. Athora (formerly AGER Bermuda Holding Ltd), through its subsidiaries, is AthoraNetherlandsis the parent company of insurance brands Zwitserleven and Reaal. Apollo Completes Merger with Athene and Finalizes Key Governance The new capital raise included an additional commitment of 500 million from Athene and Apollo, with part of the proceeds used to fund the purchase of VIVAT, and strengthen VIVAT's . Wolfspeed, Inc. announced that it expects to receive $1.25 billion in funding from Apollo Global Management, Inc. and other investors. will be approximately 540 million. Athora completes acquisition of Italian life insurer, Amissima Vita S.p.A. The company offers a full range of highly customised life reinsurance solutions, including portfolio transfers. To this extent, Athora does not expect any dividend distribution from VIVAT in the near-term and, on top of the normal regulatory assessment by DNB, the payment of any future dividends will be based on the long-term sustainable capital generation of the company and the satisfaction of certain risk appetite metrics; a commitment to maintain the ongoing capitalisation of VIVAT at levels which ensure the long-term interests of customers, also in case of adverse circumstances; the effect of the combined capital measures provides customers, clients, business partners and employees reassurance that VIVATs repositioning to financial strength and sustainable capital generation is well underway. The Generali Belgium is today the 11th largest insurer in Belgium Goldman Sachs International and Mediobanca served as financial advisors our share capital and reinsurance solutions.. Mr. Schechter . In addition to launching our business with the lines and capital and reinsurance transactions in the European insurance Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The company has been in run-off since 2010. The industry leader for online information for tax, accounting and finance professionals. works with insurers to monetise their legacy portfolios and businesses Apollo Global Management, Inc. (NYSE: APO), Apollo Commercial Real Estate Finance (NYSE: ARI), MidCap Financial Investment Corp. (NASDAQ: MFIC), Apollo Asset Management (NYSE: AAM PrA-B), Apollo Senior Floating Rate Fund (NYSE: AFT), https://www.businesswire.com/news/home/20180418006002/en/. This is Athora's third funding round and brings total capital raised to over six billion euros since it was spun off from Athene Holding in 2018, it added. Athora . "The completion of this capital raise will allow Athora to further enhance its position as a leading European savings and retirement services group," CEO Mike Wells said. Apollo Global Management, Inc. (NYSE: APO), Apollo Commercial Real Estate Finance (NYSE: ARI), MidCap Financial Investment Corp. (NASDAQ: MFIC), Apollo Asset Management (NYSE: AAM PrA-B), Apollo Senior Floating Rate Fund (NYSE: AFT), https://www.businesswire.com/news/home/20180403005713/en/. Athora has raised new equity commitments from existing shareholders to finance this transaction. Athene is no longer a publicly traded company listed on the New York Stock Exchange. It also confirms Athoras position as the leading insurance consolidator in Europe with approximately 3 million customers, approximately 70 billion in assets, operations in the Netherlands, Germany, Belgium and Ireland, and an unrivalled regulatory track record relating to large, complex and innovative transactions. Apollo Global Management (together with its subsidiaries) is a global alternative asset manager. OneRock Energy Holdings, LLC entered into a definitive purchase agreement to acquire Northwoods Management Company. Thanks to Athoras risk-driven asset and capital management approach, the capital positions of each of Athoras insurance subsidiaries have strengthened over the past few weeks and increased their surplus in excess of the levels required by regulation. Following Closing, Athora will have close to 1bn of committed equity available to support Athora, VIVAT and existing subsidiaries going forward. Apollo Global Management, Inc. 2023 All Rights Reserved. Belgium is a target market for Athora, where we Athora Holding Ltd. entered into a definitive agreement to acquire Amissima Vita S.p.A. from Apollo Global Management, Inc. (NYSE:APO) and others on September 22, 2021. Athora focuses on buying up books of life insurance policies, many of which are closed to new customers. Fitch Affirms Athora's Ratings on Proposed Acquisition of Amissima Vita In April 2018, we acquired Aegon Ireland plc, an Ireland-based reinsurer. Apollo will pay $42.75 a share in cash, a 6 per cent premium. Apollo's current investments in the insurance industry include Tranquilidade (Portugal), Amissima (Italy), and Catalina Holdings (Americas and Europe). In September 2021, Athora announced its plans to acquire Italian life insurer Amissima Vita S.p.A. Insurance. LONDON, Nov 2 (Reuters) - Athora has raised two billion euros ($1.98 billion) in equity commitments from new and existing shareholders, the specialist European life insurer said on Wednesday. Athora's funding round is due to finish by the end of 2022 and total commitments could reach more than 2.5 billion euros by then, Athora added. Apollo Global Management, Inc. is a global alternative asset manager, which offers asset management and retirement services solutions. VIVAT was rebranded toAthoraNetherlands in December 2020. At the same time, Athora continues to monitor closely its financial position collectively as a group and at the individual operating subsidiary level. Apollo now serves institutional and individual investors across the risk-return spectrumin yield, hybrid and equity strategies. Insurer Athora raises $2 billion from investors - Yahoo Finance country.. Last week, US-based Navigators was bought by The Hartford in a $2.1bn deal. Athene Holding Ltd. (together with its subsidiaries, Athene) is a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. The strategic relationship with Athene provides Athora with expertise and insight of an experienced management team to support the creation of a successful insurance group tailored to the specific market requirements in Europe. Aspen has been looking for a buyer for much of the year. NEW YORK, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Apollo and Athene today announced the successful completion of their merger under Apollo Global Management, Inc. (NYSE: APO), a high-growth alternative asset manager with asset management and retirement services capabilities. Clifford Chance LLP acted as legal advisor to Athora Holding Ltd. Fenchurch Advisory Partners Limited advised Apollo Global Management, Inc. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Apollo Global Management, Inc. in the deal. Apollo is listed on the New York Stock Exchange under the ticker APO. October 4, 2022. On 1 January 2022, Athene merged into a wholly-owned subsidiary of Apollo Global Management, Inc. As a result of the merger, Athene became a wholly-owned subsidiary of Apollo Global Management, Inc. and one of its principal subsidiaries. Athora and NN Group (NN) have also closed the follow-on sale of VIVAT Schadeverzekeringen N.V. (VIVAT Non-life) to NN. U.S. private equity firm Apollo Global Management has signed an agreement to sell all of Italy's Amissima Vita to Bermuda-based Athora Holding Ltd, the Italian insurance company said on Thursday. Athora has raised new equity commitments from existing shareholders to finance this transaction. earlier this month, this transaction is another major step toward our Our customers benefit from these capabilities through economies of scale, sophisticated technology and continual innovation. In April 2017, Athora received binding subscriptions through a private Copyright 2023 Surperformance. Our principal reinsurance subsidiary is Athora Life Re in Bermuda. Eric Viet, Athora Group Regional CEO and Chairman of Amissima Vita, said: Today is an important milestone for Athora as we enter the Italian market through the acquisition of Amissima Vita and welcome over 150,000 customers and 95 employees. Athoras strategic partner and investor, Apollo Global Management LLC Athora Holding Ltd. completes third capital raise, securing approximately 2.75 billion of additional common equity commitments 15th December 2022 Athora Leben sets profit participation at 4.0 percent total interest rate for third straight year 25th November 2022 MADRID (Reuters) -U.S. buyout firm Apollo made a cash bid for Applus Services on Friday which values the Spanish industrial testing company at 1.23 billion euros ($1.33 billion). Following Closing, Athora will have close to 1bn of committed equity available to support . As a result of closing the transaction, Amissima Vita becomes part of Athora and will continue to offer customers a stable and long-term performance on their savings and retirement products. Athora Life Re, our main reinsurance subsidiary, is based in Bermuda, the worlds second largest reinsurance market. View source version on businesswire.com: https://www.businesswire.com/news/home/20180418006002/en/, Athora Media ContactsAll markets except Germany and In 2021 Athora announced the acquisition of the Italian life insurer Amissima, after having also entered markets in the Netherlands, Belgium, Ireland and Germany in recent years.