Athene Holding Ltd. has taken responsibility for $19 billion in fixed and indexed annuity liabilities from Voya Financial Inc., ThinkAdvisor reported. Athene says it and an investor group have also bought a stake in Venerable Holding Inc. Venerable is a new entity that will administer the blocks of fixed and variable annuities written by Voya Insurance and Annuity Co. Once holders of Voya’s variable annuities convert their annuities into payout annuities, Athene will get to reinsure that annuity payment flow. Athene reported it could end up reinsuring about $8 billion in payment flow through that arrangement. Athene paid a commission of about $396 million to Voya and a subsidiary. Apollo Global Management LLC leads the investor group helping Athene with the new arrangement.