New York State fines pension risk transfer insurer $45 million
![pension documents](https://s32566.pcdn.co/wp-content/uploads/2020/04/pension-951x634.jpg.optimal.jpg)
The regulator says Athene Holding Ltd. sold insurance in the state without a license
In its first enforcement action in the pension risk transfer market, the New York State Department of Financial Services has slapped Athene Holding Ltd. with a $45 million penalty for doing insurance business in the state without a license.
Athene Annuity & Life Company, a subsidiar
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