Proposed Athene-Presidential Deal Under Review
August 14, 2012 by Maria Wood
By Maria Wood
July 16, 2012 •
Reaction from Friday’s announcement that Athene Annuity & Life Assurance Co. intends to acquire Presidential Life Corp. has filtered in and the reviews are far from positive. Three law firms have undertaken investigations of the proposed sale, and Fitch Ratings may downgrade Athene’s rating.