Apollo-Backed Athora Nearing Takeover of UK’s Pension Insurance Corporation

Apollo-backed Athora nearing takeover of UK’s Pension Insurance Corporation

Private capital group’s European insurance unit in talks for a 100% stake in retirement savings group

Apollo-backed Athora closes in on £6bn Pension Insurance Corporation deal

A takeover of PIC, one of the UK's biggest pension risk transfer specialists, could be announced as early as this week, Sky News learns.

Apollo-backed Athora closes in on £6bn Pension Insurance Corporation d

A savings and retirement services group backed by Apollo Global Management is closing in on a near-£6bn takeover of Pension Insurance Corporation (PIC), one of the City’s biggest specialist insurers. Sky News has learnt that Athora, which is minority-owned by Apollo, the US-based alternative investments giant, is days away from striking a deal to take control of PIC. City sources said the deal, worth just under £6bn, could be announced as soon a…

26North adds senior hires from JPMorgan and Deutsche Bank

26North Partners, the alternative investment firm founded by Apollo co-founder Josh Harris, has strengthened its investment-grade private credit platform with two senior hires from major Wall Street banks, according to a report by Bloomberg. Todd Marr, former global head of debt private placements at JPMorgan, and Ravi Suresh, previously head of insurance private asset solutions at Deutsche Bank, will join 26North as managing directors this mont…