Athene announces block reinsurance transaction with Sony Life.
West Des Moines, Iowa, September 29, 2025 - (JCN Newswire) - Athene, a leading retirement pension service company and a subsidiary of Apollo Global Management (NYSE: APO), announced its intention to enter into a block reinsurance transaction agreement with Sony Life Insurance Co., Ltd. ("Sony Life"), a top-tier insurance company in Japan.
Through this transaction, Athene will provide reinsurance for the U.S. dollar-denominated whole life insurance policies held by Sony Life. Additionally, Athene will enter into a contract with Swiss Re, a major reinsurance company, to cede all mortality risks associated with the block transaction.
"Japanese insurance companies are increasingly focusing on more customized solutions and flexible capital to strengthen their financial power and achieve policyholder goals," said Katie Daly, Executive Vice President and Global Head of M&A, Reinsurance, and Pension at Athene. "We are well-positioned to effectively address the unique needs of the Japanese market based on our expertise in retirement pensions and capital management."

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