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LONDON DAILY ARCHIVE

Apollo-Backed Athora to Acquire UK Insurer for $7.8 Billion

Major deal consolidates European life insurance sector

03 July 2025 · 23:29 UTC

Athora, backed by investment giant Apollo, has agreed to acquire the UK’s Pension Insurance Corporation for $7.8 billion.

The transaction underscores growing consolidation in Europe’s life insurance market and is aimed at boosting Athora’s scale and capacity to manage pension liabilities while delivering stable long-term returns to policyholders.