Athene pays $45 million fine in first settlement of New York pension transfer probe

April 13, 2020 admin Business News Comments Off on Athene pays $45 million fine in first settlement of New York pension transfer probe

Athene Holding Ltd agreed on Monday to pay a $45 million civil fine to settle charges it conducted insurance business in New York without a license, the first settlement in a probe into an industry where life insurers take over corporate pension plans.

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Source:: Reuters – Business News