Athene Holding Ltd., the Bermuda-based private equity firm that’s buying West Des Moines-based Aviva USA, announced Wednesday that it has completed its previously announced acquisition of New York-based Presidential Life Corp., LifeHealthPro reported.

The acquisition of Presidential Life, which had approximately $3.5 billion in admitted assets, gives Athene Annuity and Life Assurance Co. a presence in all 50 states and creates “significant opportunities for growth,” the company said.

In April 2011, Athene bought Liberty Life Insurance Co. of Greenville, S.C., from Royal Bank of Canada. Athene Holding announced on Dec. 21 its plan to buy Aviva USA from Aviva PLC for $1.8 billion.