Brookfield touts future ability to reel in $15-$20B annually from insurance
February 13, 2024 by John Hilton
Brookfield Asset Management announced a blockbuster deal to acquire annuity seller American Equity Investment Life (AEL) more than seven months ago – a deal that has yet to officially close.
That doesn’t mean that BAM executives are not making big plans for the insurance assets it will control in the near future.
“Brookfield will become one of the largest writers of annuities in the United States,” BAM President Connor Teskey told Wall Street analysts on a conference call today.
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