Brookfield Reinsurance to Acquire American Equity

Brookfield Reinsurance and American Equity Investment Life Holding Company (AEL) have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL in a cash and stock transaction that values AEL at approximately $4.3 billion. Brookfield Reinsurance expects to maintain AEL’s headquarters in Des Moines, Iowa, and that growth in the AEL platform over time should increase net jobs in Iowa. This is the second major U.S. insurance company acquisition in as many years for Brookfield Reinsurance. Last year, Brookfield Reinsurance acquired American National Group for $5.1 billion.  |  more