Brookfield (TSX:BAM) Acquires 19.9% Stake in American Equity Life 

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Brookfield (TSX:BAM) Acquires 19.9% Stake in American Equity Life 

 

  • With a 19.9 per cent stake, Brookfield Asset Management Inc has established itself a cornerstone investor and reinsurance counterparty of American Equity Investment Life Holding Company (AEL).
  • Brookfield will also take a seat on AEL’s board as part of the deal.
  • The company’s reinsurance and annuity subsidiary, Brookfield Asset Management Partners, will reinsure up to C$10 billion in annuity liabilities as a part of the deal.
  • The deal gives AEL special access to Brookfield’s alternative asset strategies.

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