Athene appoints chief actuary

Bermuda-based Athene Holding, the parent company of Athene Annuity & Life Assurance Company and Athene Life Insurance Company, has appointed Stephen Cernich as interim chief actuary.

Cernich replaces Matt Easley, who is no longer with the company. He will serve until a replacement is found.

Cernich assumed responsibility for Athene’s actuarial reporting lines in August 2014 as part of the company’s ongoing actuarial remediation plan. Easley, in his role as Athene’s chief actuary, had reported directly to Cernich.

He is a founding employee and executive vice president of Athene who oversees many of the company’s growth initiatives and previously served as chief actuary of Athene for two-and-a-half years.

Grant Kvalheim, Athene Holding president, said: “We are pleased that Steve will be reassuming his role as chief actuary of Athene on an interim basis. We believe Steve’s actuarial background and knowledge of all facets of Athene’s business will be instrumental in our efforts to remedy the material weakness previously identified in our Actuarial function as we hire a new chief actuary for the company.”