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Brookfield Reinsurance to acquire American Equity Investment Life Holding Company to strengthen presence in U.S. annuity markets

Mar 13, 2024•almost 2 years ago

Acquiring Company

Brookfield Reinsurance

Acquired Company

American Equity

New YorkDes MoinesFinanceFinancial ServicesFinancial Services

Description

Brookfield Reinsurance, a leading provider of insurance and reinsurance services, is set to acquire American Equity Investment Life Holding Company. The acquisition aims to strengthen Brookfield Reinsurance's position in the U.S. annuity markets and enhance its impact in the Des Moines community, benefiting AEL’s policyholders and employees.

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