Parties in the Matter of Athene Holding Ltd v Imran Siddiqui Announce Settlement

Athene and Imran Siddiqui have settled their Bermuda legal dispute on confidential terms and do not plan to provide further comment.

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Rhea-AI Sentiment

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Rhea-AI Summary

Athene Holding (ATH) and Imran Siddiqui jointly announced on 18 September 2026 that they have resolved legal proceedings brought by Athene in May 2018 in the Supreme Court of Bermuda against Mr. Siddiqui and Caldera Holdings Limited. The parties stated that the terms of the settlement are confidential and that they will not comment further on the matter.

News Explained

The newly disclosed settlement statement records Mr. Siddiqui’s acknowledgment that, in 2016 and 2017, he sent and received Athene-confidential documents while setting up Caldera and thereby breached fiduciary duties owed to Athene.

Market Context

At publication, ATH was down 0.69% from the prior close while no peers appeared in momentum data; th...

Analysis

At publication, ATH was down 0.69% from the prior close while no peers appeared in momentum data; the confidential settlement terms provided no disclosed financial amount to compare with this pre-headline position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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09/18/2026 - 08:30 AM

WEST DES MOINES, Iowa and NEW YORK, Sept. 18, 2026 (GLOBE NEWSWIRE) -- Athene Holding Ltd (“Athene”) and Imran Siddiqui today jointly announce that they have resolved the legal proceedings commenced by Athene against Mr. Siddiqui and Caldera Holdings Limited in May 2018 in the Supreme Court of Bermuda. As part of this resolution, Mr. Siddiqui agreed to make the following statement:

“Athene has compromised its claim with Mr Siddiqui and Caldera Holdings Limited. The terms of settlement are confidential.

However, Mr Siddiqui has agreed as part of that agreement to acknowledge that in 2016 and 2017, he sent and received documents which contained information which was confidential to Athene in connection with the establishment of Caldera, a competitive company he was trying to set up.

Mr Siddiqui acknowledges that, in behaving in this way, he breached fiduciary duties which he owed to Athene. Mr Siddiqui did not think that at the time, but on reflection he now acknowledges that he should have known that sending and receiving the documents that he did was a breach of his obligations.”

The parties will not comment further on this matter.