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Apollo's Athene names ex-Goldman executive as Japan head to drive reinsurance push

By Miho UranakaAthene, the insurance business of Apollo Global Management NYSE:APO, has appointed Larik Hall as head of Japan, as the U.S. asset manager ramps up operations in the country, according to a company document reviewed by Reuters.Hall, previously a managing director at Goldman Sachs Ayco…

By Miho Uranaka

Athene, the insurance business of Apollo Global Management NYSE:APO, has appointed Larik Hall as head of Japan, as the U.S. asset manager ramps up operations in the country, according to a company document reviewed by Reuters.

Hall, previously a managing director at Goldman Sachs Ayco, will lead efforts to expand Athene's reinsurance business with life insurers in Japan. He has also held roles at firms including AIG NYSE:AIG and MassMutual.

Apollo declined to comment.

Athene did its first Japan transaction in 2020 and has since reinsured $20 billion in assets across eight transactions, including a block reinsurance transaction with Sony Life Insurance.

Apollo sees the Japan market as a priority and is seeking to buy a life insurer to write business directly, the Financial Times reported earlier this month.