Athene’s group annuities not the ‘safest available,’ lawsuit charges

The suit against Athene may be a test case for the legitimacy of Bermuda Triangle strategy. In other news from the Bermuda Triangle: Annuity sales boom attracts private equity-backed insurers: AM Best; 26North in $4.9 billion reinsurance deal; Suit continues against Aon plc over Bermuda reinsurance; Strength ratings of Everlake Life (formerly Allstate) downgraded; Midland National FIA for RIAs leads its category.