Brookfield reinsurance completes acquisition of ael

Brookfield, news, may 02, 2024 (globe newswire) -- brookfield reinsurance (nyse, tsx: bnre, bnre.a) and american equity investment life holding company (nyse: ael) (“ael”) today announced the completion of brookfield reinsurance's acquisition of ael in a cash and stock transaction valued at $56.50 per ael share. ael's leading fixed annuity business bolsters brookfield reinsurance's expanding insurance operations and increases its insurance assets under management to over $100 billion.
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