Brookfield, a global alternative asset manager, agreed to acquire American Equity Investment Life, an issuer of fixed index annuities, for $4.3bn. “This transaction represents an important step in the continued growth of our insurance business, further diversifying, and scaling, our insurance capabilities, and is a direct result of the partnership we have developed with AEL since our initial investment in 2020. With this transaction we have now deployed or committed over $10bn of capital since our inception, bringing our total insurance assets to over $100bn, and we remain on track with our growth targets for the business. Brookfield Reinsurance remains well capitalized and committed to meeting the needs of its policyholders and clients,” Sachin Shah, Brookfield Reinsurance CEO.