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Violation Tracker Individual Record

Company: Athene Life Insurance Company of New York
Current Parent Company: Apollo Global Management
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $15,000,000
Year: 2018
Date: June 28, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Athene Life Insurance Company of New York entered into a consent order with the Department of Financial Services under which it agreed to pay a fine of $15 million after DFS found that Athene did not provide required information to about 15,000 policyholders, including premium notices, annual reports or cash surrender value notices, and annual privacy notices from 2015 to 2017.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.