Brookfield completed the acquisition of American Equity Investment Life for $4.3bn.

Brookfield, a global alternative asset manager, completed the acquisition of American Equity Investment Life, an issuer of fixed index annuities, for $4.3bn. “We are excited to welcome AEL to our organization as we continue to grow, diversify and scale our retirement services capabilities. AEL’s strong franchise and track record of serving policyholders and distribution partners, coupled with the scale of our existing platform and offerings, will position us well for the next phase of growth," Jon Bayer, Brookfield Reinsurance Managing Partner.