Brookfield Reinsurance Acquires AEL, Expands Empire

Brookfield Reinsurance Ltd. (TSE:BNRE) has released an update.

Brookfield Reinsurance has finalized its purchase of American Equity Investment Life Holding Company, significantly enhancing its insurance offerings and assets under management, which now exceed $100 billion. The acquisition aims to strengthen Brookfield Reinsurance’s retirement services capabilities and is expected to contribute to job growth in Des Moines, Iowa, where AEL will maintain its headquarters. This strategic move also underscores Brookfield’s commitment to community support through continued charitable efforts in the region.

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