Migliaccio & Rathod LLP is investigating whether Athene and related reinsurance entities transferred life insurance or annuity obligations to offshore captive reinsurers in a manner that reduced transparency or weakened policyholder protections.
Reported Issues
Policyholders report concerns about:
- Policy obligations or reserves being transferred to affiliated offshore reinsurers.
- Not being clearly told how reinsurance affected solvency protections.
- Not understanding whether guaranty-fund coverage changed.
- Concern that affiliated reinsurance arrangements improved the insurer’s balance sheet while exposing policyholders to additional risk.
- Not being given meaningful consent rights before the transfer.
Why Individuals Should Be Concerned
Potential claims include:
- Unfair insurance practices
- Breach of policy terms
- Failure to disclose material reinsurance risks
- Misleading solvency representations
- Reduced policyholder protections
- Economic loss from increased risk exposure
Signs You May Be Affected
- You own an Athene annuity or life insurance product.
- You received notice that policy obligations were reinsured or transferred.
- You were not told how the transaction affected guaranty protections.
- You believe reserves were transferred to an affiliated or offshore reinsurer.
- You were not given meaningful notice or consent.
If you have encountered these issues, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.