News

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%.

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.

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.

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).

Amstelveen, Netherlands -The name of VIVAT N.V. has been changed to Athora Netherlands N.V. today. This name change is the final phase of the acquisition of the organisation by Athora Holding Ltd. (“Athora”), a European-focused life insurance and reinsurance group. It also marks a new chapter in the history of Athora Netherlands, which aims to become the leading pension provider in the Dutch market.