Athene unit Athene Life Re Ltd CEO to retire
Athene Holding announced that Frank "Chip" Gillis, CEO of Athene Life Re and Co-Founder of Athene Holding, will retire at the end of 2019. Mr. Gillis will continue his involvement with the company as Executive Chairman of the ALRe board and will serve as a board member of the newly announced Athene Co-Invest Reinsurance Affiliate (ACRA). As co-founder of Athene, Mr. Gillis worked for two years to raise capital leading up to July 2009, when Athene was officially formed and licensed. His deep knowledge of the reinsurance industry and strong business relationships led to Athene's first reinsurance deal. Since then, Mr. Gillis has been responsible for leading the growth of Athene's reinsurance channel, which has completed agreements with nearly two dozen third-party cedents since inception.