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

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NEW YORK (Reuters) – Athene Holding Ltd (ATH.N) 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.

FILE PHOTO: A banner for Athene Holding Ltd hangs on the facade of the New York Stock Exchange (NYSE) announcing the company’s IPO in New York City, U.S., December 9, 2016. REUTERS/Brendan McDermid

Linda Lacewell, superintendent of New York’s Department of Financial Services, said Athene’s unlicensed Athene Annuity & Life

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