What is the potential value of the deal between Athora and PIC?

The deal could value the UK-based specialist insurer Pension Insurance Corporation at up to 5 billion pounds ($6.75 billion).

Who is backing Athora in this acquisition?

Athora is backed by Apollo Global Management, a prominent investment firm.

What was Athora's previous acquisition attempt?

In May last year, Athora abandoned plans to buy a German portfolio of run-off life insurance policies from French insurer AXA.

Who currently owns Pension Insurance Corporation?

PIC is owned by a consortium of shareholders, including Luxembourg-based Reinet Investments and private equity firm CVC Capital Partners.

Have the details of the deal been confirmed?

Reuters could not independently confirm the news, and Apollo, PIC, and Athora declined to comment on the potential acquisition.

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Home > Finance > Apollo Global-backed Athora in talks to buy UK insurer PIC, Sky News says

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Apollo Global-backed Athora in talks to buy UK insurer PIC, Sky News says

Published by Global Banking & Finance Review®

Posted on June 20, 2025

1 min read

Last updated: January 23, 2026

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Apollo Global-backed Athora in talks to buy UK insurer PIC, Sky News says

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Athora in Negotiations to Acquire UK Insurer Pension Insurance Corporation

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