Brookfield Reinsurance Acquires American Equity Investment Life Holding Company (AEL)
May 2, 2024
Brookfield Reinsurance (BNRE) entered into and expected to close its acquisition of American Equity Investment Life Holding Company (AEL), with the transaction expected to close after market on May 2, 2024. The deal brings AEL’s annuities and life insurance capabilities under Brookfield Reinsurance’s capital-solutions platform to expand liability-driven asset allocation and private asset management capabilities.
- Buyers
- Brookfield Reinsurance Ltd.
- Targets
- American Equity Investment Life Holding Company (AEL)
- Industry
- Insurance
- Location
- Iowa, United States
- Transaction Type
- Buyout
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