Athene Life Re

What Athene Life Re does

Athene Life Re is the Bermuda-domiciled reinsurance arm of Athene Holding Ltd., a publicly traded retirement services platform. Through two wholly owned subsidiaries — Athene Annuity Re Ltd. (Hamilton, Bermuda) and Athene Life Re Ltd. (London, UK) — the company assumes annuity liabilities from primary life and annuity insurers and underwrites Pension Group Annuities (PGA) for corporate plan sponsors. Both entities carry identical top-tier financial strength ratings (A+ from S&P, Fitch, and AM Best; A1 from Moody's as of mid-2025) and rank among the largest reinsurance companies in Bermuda as measured by capital base.

The company operates a B2B, enterprise field-sales model targeting primary life and annuity insurers seeking liability relief and capital optimization, as well as institutions executing pension risk transfer transactions. Revenue is generated through recurring reinsurance premiums on assumed annuity blocks, with pricing and terms negotiated bilaterally with institutional counterparties rather than disclosed publicly. The underlying technology is described as a "reinsurance and retirement services platform," with no proprietary AI, data, or software components disclosed in the source material. Marketing is limited to a professional web presence under the "Athene Bermuda" brand and direct relationship-based distribution.

Strategically, Athene Life Re functions as part of the broader Athene group's retirement services franchise, leveraging parent-level capital and brand to source and underwrite large reinsurance transactions. The dual Bermuda/London entity structure provides jurisdictional flexibility for both North American and UK/European pension risk transfer opportunities, while the matched A+/A1 credit ratings across both entities preserve counterparty attractiveness for ceding insurers and plan sponsors.

Name

Athene Life Re

Legal name

Athene Life Re Ltd.

Website

https://athenelifere.bm

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Athene Life Re is a Bermuda-based reinsurance subsidiary of Athene Holding Ltd. that assumes annuity liabilities from primary life and annuity insurers and underwrites pension group annuities, operating through entities in Bermuda and London with top-tier A+/A1 credit ratings.

Ownership category

akta.pro rank

Product category

Life and Annuity Reinsurance

NAICS

Insurance Carriers (5241), Insurance Carriers and Related Activities (524)

SIC

Life Insurance (6311)

akta.pro primary industry

Annuity Reinsurance (Immediate, Deferred, VA/GMxB) (FSAOAAAF)

akta.pro secondary industries

Life Treaty Reinsurance (FSAOAEAA), Life & Health Reinsurance Run-off / Legacy Portfolio Management (FSAOAAAJ)

Keywords

• Annuity reinsurance
• Life insurance reinsurance
• Pension group annuities
• Retirement services
• Liability reinsurance

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Annuity Reinsurance Premiums: Athene Life Re generates revenue by assuming annuity liabilities from primary life and annuity insurers through reinsurance contracts. The company collects premiums and manages the associated liabilities, optimizing capital efficiency for its ceding insurance partners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Athene Life Re is a reinsurance firm that assumes annuity liabilities from primary life and annuity insurers through reinsurance contracts, helping partners manage liabilities, optimize capital efficiency, and enhance long-term financial performance. Operating through two wholly owned subsidiaries — Athene Annuity Re Ltd. (Bermuda) and Athene Life Re Ltd. (London, UK) — the firm delivers tailored reinsurance solutions and Pension Group Annuities (PGA) to institutional clients in the retirement services market.

Product overview

Athene Life Re operates as a unified reinsurance platform comprising multiple subsidiaries. The core offering centers on reinsurance solutions for primary life and annuity insurers, delivered through two principal entities: Athene Annuity Re Ltd. (based in Bermuda) and Athene Life Re Ltd. (based in London, UK). These subsidiaries work together to provide tailored reinsurance and Pension Group Annuities (PGA) to institutional clients, helping partners manage liabilities, optimize capital efficiency, and enhance long-term financial performance. Both entities maintain identical financial strength ratings of A+ (S&P, Fitch, AM Best) and A1 (Moody's).

Differentiator

Problem solved

Functional benefit

Products and services

• Reinsurance Solutions Comprehensive reinsurance solutions designed to help primary life and annuity insurers manage liabilities, optimize capital efficiency, and enhance long-term financial performance.
• Pension Group Annuities (PGA) Group annuity contracts related to pension group annuities offered through the institutional channel, enabling partners to address corporate retirement services needs.
• Athene Annuity Re Ltd. Wholly owned subsidiary of Athene Holding Ltd., headquartered in Bermuda, ranking among the largest reinsurance companies in Bermuda as measured by capital base. Rated A+ by S&P, Fitch, and AM Best, and A1 by Moody's. Operates the Bermuda-based reinsurance business.
• Athene Life Re Ltd. Wholly owned subsidiary of Athene Holding Ltd., providing reinsurance services from London, UK. Rated A+ by S&P, Fitch, and AM Best, and A1 by Moody's. Operates the London-based reinsurance business.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Primary Life and Annuity InsurerscoreStrategic or Co-development PartnerAthene Life Re partners with primary life and annuity insurers to deliver tailored reinsurance solutions. Partners benefit from Athene's financial strength (A+ rated by S&P, Fitch, AM Best; A1 by Moody's), expertise in retirement services, and ability to help manage liabilities, optimize capital efficiency and enhance long-term financial performance.

Scale indicators5 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• SCOR: SCOR is a global Tier 1 reinsurer with a dedicated Life & Health division providing life reinsurance and longevity risk transfer solutions. Competes with Athene Life Re for primary insurer partnerships, but as part of a multi-line reinsurance portfolio.
• Swiss Re: Swiss Re is one of the world's largest reinsurers, offering both life and health and P&C reinsurance globally. Its L&H division competes with Athene Life Re in life reinsurance and longevity solutions, though as part of a much broader portfolio.
• Munich Re: Munich Re is a global reinsurance leader with a substantial life and health reinsurance franchise competing for annuity reinsurance and pension risk-transfer mandates. It overlaps with Athene Life Re in target market and product, but operates across both life and P&C lines.
• PartnerRe: PartnerRe is a global multi-line reinsurer with life and health reinsurance capabilities, providing annuity and longevity solutions. Comparable in offering to Athene Life Re but operating across both life and non-life lines.
• Hannover Re: Hannover Re is a major global reinsurer with a strong life and health reinsurance division serving primary insurers, including annuity and longevity-focused solutions. Comparable in product set to Athene Life Re but as part of a broader reinsurance group.

Direct peers

• 太平洋人寿再保险 (Pacific Life Re): Pacific Life Re is a Bermuda-based specialist life reinsurer focused on longevity risk transfer and annuity reinsurance. It is a close direct peer of Athene Life Re, competing for similar ceding relationships with primary life and annuity insurers.
• Brookfield Reinsurance: Brookfield Reinsurance is a Bermuda-based reinsurer specializing in annuity reinsurance and pension risk transfer, with capital backing from Brookfield. It directly competes with Athene Life Re in the annuity reinsurance and longevity solutions space.
• Reinsurance Group of America (RGA): RGA is one of the largest pure-play life and health reinsurers globally, with deep U.S. and international annuity reinsurance and longevity risk-transfer capabilities. It directly competes with Athene Life Re for ceding partnerships with primary life and annuity insurers.

Emerging players

• Resolution Life: Resolution Life is a Bermuda-based specialist in legacy and in-force life and annuity portfolio management, including reinsurance of closed blocks. It overlaps with Athene Life Re in life and annuity reinsurance but emphasizes run-off and legacy portfolio transactions.
• Enstar Group: Enstar is a Bermuda-based specialist in legacy insurance and reinsurance run-off solutions, including life and annuity portfolio transactions. It overlaps with Athene Life Re in life and annuity reinsurance transactions but focuses more on legacy/closed-block acquisitions.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/athene-life-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Athene Life Re