Reinsurance News

Brookfield Asset Management

Argo Group appoints Arturo Pelaez as Chief Operating Officer

8th July 2025

Argo Group, an underwriter of specialty insurance products in the property and casualty market, has announced the appointment of Arturo Pelaez as Chief Operating Officer. Pelaez brings over two decades of industry experience, with expertise in insurance M&A and a strong track record in strategy and operations. In his new role, ... 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

Brookfield Reinsurance’s expansion continues with $1.1bn Argo acquisition

8th February 2023

Brookfield Reinsurance, the operator of a financial services business providing capital-based solutions to the insurance industry, has announced the acquisition of Argo Group International Holdings, Ltd. in an all-cash transaction valued at roughly $1.1 billion. The Boards of Directors of both Brookfield Reinsurance and Argo have unanimously approved the definitive merger ... Read the full article

Brookfield Re sees total assets escalate

12th August 2022

Brookfield Reinsurance has reported that its total assets rose from $2,640m at the end of Q2 2021 to $41,019m at the end of Q2 2022. The news come months after the firm said it had seen a huge increase in its net income throughout Q1 2022. Back then, it had ... Read the full article

AM Best finalises ratings for Brookfield’s Cayman reinsurer

4th February 2022

AM Best has finalised its financial strength and credit ratings for North End Re (Cayman), a segregated portfolio company owned by Brookfield Asset Management. The rating agency assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to the unit, in line with Read the full article

Brookfield adds Michael McRaith to Insurance Solutions unit as Vice Chair

4th November 2021

Reinsurer Brookfield has announced the appointment of Michael McRaith as Vice Chair of its Insurance Solutions business; a newly created role that involves participation in all aspects of Brookfield’s global insurance operations. McRaith served for nearly six years as the first Director of the Federal Insurance Office in the US Department ... Read the full article

Brookfield Reinsurance to acquire American National for $5.1bn

9th August 2021

Brookfield Asset Management Reinsurance Partners, which was launched by the alternative asset manager in late 2020, has entered into a definitive agreement to acquire American National Group, Inc. in an all-cash transaction valued at $5.1 billion. Brookfield's recently launched reinsurance business operates as a paired entity to Brookfield, providing shareholders ... Read the full article