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Brookfield to merge Partners LP with Corporation

PRIVATEOct 03, 2025

Acquiring Company

Brookfield Reinsurance

Acquired Company

Brookfield Asset Management

New YorkNew YorkFinancial ServicesFinanceEnergyFinancial ServicesReal EstateFinanceFintech

Description

Brookfield Business Partners has announced plans to merge with Brookfield Business Corporation to form a new entity, BBU Inc. This merger is part of a corporate simplification strategy aimed at enhancing operational efficiency and investor understanding. The consolidation is expected to streamline operations, although challenges from mixed earnings may persist.

Quick answer

Brookfield Reinsurance is acquiring Brookfield Asset Management, announced October 3, 2025. Brookfield Reinsurance is based in New York, New York, United States.

How much did Brookfield Reinsurance pay for Brookfield Asset Management?
The deal value was not disclosed.
What does Brookfield Reinsurance do?
Brookfield Reinsurance Ltd. operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions.
Where are Brookfield Reinsurance and Brookfield Asset Management based?
Brookfield Reinsurance is based in New York, New York, United States. Brookfield Asset Management is based in New York, New York, United States.
Who are the decision-makers at Brookfield Reinsurance?
Fundz holds 1 contact at Brookfield Reinsurance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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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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Frequently asked

Who acquired Brookfield Asset Management?

Brookfield Asset Management was acquired by Brookfield Reinsurance, based in New York. The deal was reported on October 3, 2025. Brookfield Reinsurance Ltd. operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions. Brookfield Reinsurance is privately held and operates in Financial Services.

When did Brookfield Reinsurance acquire Brookfield Asset Management?

Brookfield Reinsurance's acquisition of Brookfield Asset Management was reported on October 3, 2025. Brookfield Business Partners has announced plans to merge with Brookfield Business Corporation to form a new entity, BBU Inc. This merger is part of a corporate simplification strategy aimed at enhancing operational efficiency and investor understanding. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Brookfield Asset Management do?

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with $850 billion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. It is publicly traded (BAM), operating in Energy, and is based in New York.

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