Reinsurance News
American Equity Investment Life Holding Company
American Equity Investment Life Insurance Company upgraded to ‘A’ rating by S&P
13th May 2024
Brookfield Reinsurance announces that its wholly-owned subsidiary, American Equity Investment Life Insurance Company (AEL), has been upgraded in its Insurer Financial Strength rating by S&P Global Ratings, advancing from 'A-' to 'A'. This upgrade underscores AEL's vital role within the broader Brookfield Reinsurance group and its ability to leverage the strong ... Read the full article
Brookfield Reinsurance completes AEL acquisition
3rd May 2024
Brookfield Reinsurance, a capital solutions business that provides insurance and reinsurance services to individuals and institutions, has completed the acquisition of American Equity Investment Life Holding Company (AEL). The deal, announced in July 2023, was completed in a cash and stock transaction valued at $56.50 per AEL share. Last year, Brookfield ... Read the full article
American Equity Investment Life reports FIA sales of $2.2bn in Q3 2023
23rd October 2023
American Equity Investment Life Holding Company has reported that its Q3 2023 sales totalled $2.2 billion, of which 99% of which were in fixed index annuities (FIA). The company reported that its FIA sales saw an increase of 18% from the second quarter of 2023, and rose by a high 203% ... Read the full article
Brookfield Reinsurance confirms $4.3bn acquisition of American Equity (AEL)
5th July 2023
Brookfield Reinsurance, a capital solutions business that provides insurance and reinsurance services to individuals and institutions, is set to acquire American Equity Investment Life Holding Company (AEL) for $4.3 billion, taking the firm's deployed or committed capital since inception to more than $10 billion. Brookfield first invested in AEL in ... Read the full article
American Equity sees net loss of $29.4m in Q4
17th February 2023
Life and annuity insurer American Equity (AEL) has reported Q4 2022 net loss available to common stockholders of $29.4m in Q4 2022, compared to a net income of $82.2m, for Q4 of 2021. AEL also announced it had ceded $352m of flow reinsurance to Brookfield Re and $4.3bn of GAAP reserves, ... Read the full article
Prosperity still interested in American Equity takeover at better terms
28th December 2022
Prosperity Group Holdings has released a statement affirming that it remains interested in acquiring life and annuity insurer American Equity, despite the company having rejected a recent takeover bid. On December 8th, Prosperity made an offer to acquire American Equity Investment Life Holding Company (AEL) in an all-cash transaction at $45.00 ... Read the full article
Brookfield Reinsurance boosts equity stake in American Equity to 16%
4th January 2022
American Equity Investment Life Holding Company and Brookfield Asset Management Reinsurance Partners (Brookfield Reinsurance) have received regulatory approval for Brookfield Reinsurance to increase its common stock ownership. Brookfield Reinsurance currently owns approximately 9.85% of the company's issued and outstanding common stock, which was purchased in accordance with the terms of its ... Read the full article
Brookfield Reinsurance closes $10bn deal with American Equity
11th October 2021
Brookfield Asset Management Reinsurance Partners (Brookfield Reinsurance) has closed its previously-announced transaction to reinsure up to $10 billion of annuity products issued by American Equity Investment Life Insurance Company. Under the agreement, Brookfield Reinsurance has reinsured $4 billion worth of in-force policies, and will reinsure up to an additional approximately ... Read the full article
American Equity enters strategic partnership with Brookfield Asset Management
22nd October 2020
American Equity Investment Life Holding Company has announced that it has entered into a strategic partnership with Brookfield Asset Management. The partnership will include the reinsurance of $5 billion of existing liabilities and up to an incremental $5 billion of new sales of American Equity’s IncomeShield or similar fixed index annuity ... Read the full article
American Equity, Värde & Agam partnership to launch new Bermuda reinsurer
29th September 2020
A strategic partnership between American Equity Investment Life Holding Company, Värde Partners, and Agam Capital Management, LLC has been announced, which, will see the establishment of a new Bermuda-based reinsurance company. The partnership between American Equity, an issuer of fixed index annuities, Värde, a global alternative investment firm, and Agam, a ... Read the full article
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