Why Base a Life and Annuity Reinsurer in Bermuda?
July 29, 2020 by Allison Bell
Athene Holding Ltd. recently completed making a $500 million equity investment in Jackson National Life Insurance Company.
In an effort to explain the deal to investors, Athene also posted a discussion of its corporate structure.
For people with a deep interest in insurer capitalization and reinsurance arrangements, Athene provided a look at its capitalization and reinsurance arrangements.
The Pembroke, Bermuda-based reinsurer also addressed a simpler question, that may have occurred to many ordinary life and annuity agents: Why are so many insurers putting their head official headquarters in the Caribbean, rather than traditional U.S. insurance industry centers, such as New York City and Hartford, Connecticut?
Click HERE to read the full story via ThinkAdvisor