Brookfield Reinsurance Ltd. (TSE:BNRE) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
For further insights into TSE:BNRE stock, check out TipRanks’ Stock Analysis page.