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Pembroke, Bermuda, 21 May 2021 - Fitch Ratings (Fitch) has upgraded the Financial Strength Ratings of Athora Life Re Ltd. (Athora Life Re), Athora Ireland plc (Athora Ireland) and SRLEV N.V. (SRLEV) from BBB+ to A-. Athora Holding Ltd. (Athora) and Athora Netherlands N.V. Issuer Default Ratings have been upgraded from BBB to BBB+. The rating Outlook of Athora and its subsidiaries has been revised from Stable to Positive.

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Pembroke, Bermuda - Athora Holding Ltd. (Athora), an insurance and reinsurance group focused on the European market, delivered a solid performance and saw significant growth in 2020. During the year ending 31 December 2020, assets under administration grew to €83 billion, organic capital generation increased in our Belgian and German business units, and the group was pleased to report a strong inaugural estimated Bermuda Solvency Capital Requirement (BSCR) ratio of 242%.

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Hamilton, Bermuda – Mar. 29, 2021 – Bermuda College Foundation announced today that construction of the state-of-the-art Career Development Centre at Bermuda College has officially commenced. The project was made possible after a $3.5 million donation by several Bermuda-based (re)insurers including Athene Life Re Ltd., a reinsurance subsidiary of Athene Holding Ltd. (“Athene”) (NYSE: ATH), Athora Holding Ltd., Aspen Insurance Holdings Limited and Catalina Holdings (Bermuda) Ltd. The four companies have also committed an additional $300,000 of funding for the Centre bringing the total donation amount to $3.8 million.

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AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) of Athora Life Re Ltd. and its subsidiary, Athora Ireland plc. The outlook of these ratings is stable.

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Pembroke, Bermuda — Athora Holding Ltd. (together with its subsidiaries, Athora) has agreed to sell the variable annuity portfolio of its wholly-owned subsidiary, Athora Ireland plc (Athora Ireland), to Monument Life Insurance DAC (Monument Life), a wholly-owned, Dublin-based subsidiary of Monument Re Limited (Monument Re) (the sale).

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