Brookfield Reinsurance to acquire American Equity Investment Life Holding Company

Apr 30, 2024•over 1 year ago

Acquiring Company

Brookfield Reinsurance

Acquired Company

American Equity

New York

Des MoinesFinanceFinancial ServicesFinancial Services

Description

Brookfield Reinsurance and American Equity Investment Life Holding Company have announced that the previously announced acquisition of American Equity by Brookfield Reinsurance is expected to close following the close of market on May 2, 2024.

Company Information

Company

Brookfield Reinsurance

Location

New York, New York, United States

About

Brookfield Reinsurance Ltd. operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions. Each class A exchangeable limited voting share and each class A-1 exchangeable non-voting share of Brookfield Reinsurance are exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Brookfield Reinsurance to acquire American Equity Investment Life Holding Company

Description

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Company Information