Apollo-Backed Athora to Acquire UK Insurer for $7.8 Billion
Major deal consolidates European life insurance sector
Athora, backed by investment giant Apollo, has agreed to acquire the UK’s Pension Insurance Corporation for $7.8 billion.
The transaction underscores growing consolidation in Europe’s life insurance market and is aimed at boosting Athora’s scale and capacity to manage pension liabilities while delivering stable long-term returns to policyholders.
The transaction underscores growing consolidation in Europe’s life insurance market and is aimed at boosting Athora’s scale and capacity to manage pension liabilities while delivering stable long-term returns to policyholders.
