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Groundbreaking held for Athene pedestrian bridge in West Des Moines

They're calling it a game-changer — it's a new $9 million pedestrian bridge over the Raccoon River that connects two major parks in West Des Moines.

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Athena's Challenge to Modern Mantras

Today, it seems that we are in a world where facts and truth are no longer important; how ...

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Athene Holding LTD: LeasePlan USA and Wheels Donlen Complete Combination to Create Corporate Mobility Solutions Leader

Athene Served as Lead Investor and Is the Majority Shareholder of Combined Company Combination builds upon LeasePlan USA's 40-years of fleet management expertise, providing the company with enhanced

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Athene Releases Annual Corporate Social Responsibility Report

Athene Releases Annual Corporate Social Responsibility Report
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Black Cloud Over JCPenney

Black Cloud Over JCPenney
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Exclusive: Athene to take over $2.8 billion in J.C. Penney pension obligations

2 Min Read
(Reuters) - J.C. Penney Co Inc said on Thursday it has agreed to transfer its pension obligations to annuities provider Athene Holding Ltd, ensuring that the U.S. department store chain’s retired employees will continue to get their benefits.
FILE PHOTO: A JC Penney store is shown in Oceanside, California, U.S., July 31, 2019. REUTERS/Mike Blake
J.C. Penney, which said in December that it would seek to exit bankruptcy protection sometime this year, will not receive any money as part of the deal, but will shed the liabilities that came with the pensions.
“We are thrilled that this one-of-a-kind transaction will enable the Pension Plan to pay the benefits that JCPenney intended the participants to receive,” J.C. Penny said in an emailed statement.

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Exclusive: Athene to take over US$2.8 billion in J.C. Penney pension obligations

JCPenney said on Thursday (Apr 1) it has agreed to transfer its pension obligations to annuities provider Athene, ensuring that the US department ...

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Athene to take over US$2.8 billion in JCPenney pension obligations

Athene to take over US$2.8 billion in JCPenney pension obligations
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Athene to take over US$2.8 billion in JCPenney pension obligations
A JCPenney store is shown in Oceanside, California, on Jul 31, 2019. (Photo: REUTERS/Mike Blake)
02 Apr 2021 02:40AM
(Updated:
02 Apr 2021 03:53AM)
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NEW YORK: JCPenney said on Thursday (Apr 1) it has agreed to transfer its pension obligations to annuities provider Athene, ensuring that the US department store chain's retired employees will continue to get their benefits.
JCPenney, which said in December that it would seek to exit bankruptcy protection sometime this year, will not receive any money as part of the deal, but will shed the liabilities that came with the pensions.

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Greensill sale talks with Athene stall: Bloomberg News

Greensill Capital's talks to sell parts of its business to annuities provider Athene Holding Ltd have paused, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

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Greensill sale talks with Athene stall - Bloomberg News

Greensill Capital's talks to sell parts of its business to annuities provider Athene Holding Ltd have paused, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

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