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.
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