Athene is the Lead Investor in the Combination of Wheels and Donlen
Merging the highly complementary operations of Wheels and Donlen will allow the combined company to bring enhanced mobility solutions and product offerings across large, mid-sized and small fleets to a broader universe of clients. The new company has approximately
Wheels Chief Financial Officer
The Athene-led investment is focused on long-term stability and best in class customer service. There will be a significant focus on a measured approach to integration including the retention of both company's outstanding and experienced personnel and continuity of client facing contacts to ensure a seamless and enhanced experience for their clients. The depth and breadth of Athene's funding and financing capabilities will allow the company to offer clients an enhanced suite of solutions addressing a myriad of fleet and other needs.
Incoming CEO
Current Donlen CEO
About Athene
Athene, through its subsidiaries, is a leading retirement services company with total assets of
About Wheels, Inc.
About Donlen
Headquartered in
Athene Safe Harbor for Forward-Looking Statements
This press release contains, and certain oral statements made by Athene's representatives from time to time may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results, events and developments to differ materially from those set forth in, or implied by, such statements. These statements are based on the beliefs and assumptions of Athene's management and the management of Athene's subsidiaries. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans," "seeks," "estimates," "projects," "may," "will," "could," "might," "should," or "continues" or similar expressions. Factors that could cause actual results, events and developments to differ include, without limitation: the accuracy of Athene's assumptions and estimates; Athene's ability to maintain or improve financial strength ratings; Athene's ability to manage its business in a highly regulated industry; regulatory changes or actions; the impact of Athene's reinsurers failing to meet their assumed obligations; the impact of interest rate fluctuations; changes in the federal income tax laws and regulations; the accuracy of Athene's interpretation of the Tax Cuts and Jobs Act; litigation (including class action litigation), enforcement investigations or regulatory scrutiny; the performance of third parties; the loss of key personnel; telecommunication, information technology and other operational systems failures; the continued availability of capital; new accounting rules or changes to existing accounting rules; general economic conditions; Athene's ability to protect its intellectual property; the ability to maintain or obtain approval of the
All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Athene does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts:
Investors
[email protected]
Media
[email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/athene-is-the-lead-investor-in-the-combination-of-wheels-and-donlen-301411230.html
SOURCE
AM Best Revises Outlooks to Negative for Western Pacific Mutual Insurance Company, A Risk Retention Group
Anambra Has Guaranteed Indigenes' Health Through Ashia – Governor
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News