Brookfield Nears Deal to Buy American Equity
Brookfield Asset Management Inc. is close to a deal to acquire American Equity Investment Life Holding Co., according to people familiar with the matter. The deal could be announced as soon as this week, the people said, asking not to be identified because the information is private.
The acquisition of American Equity, a life insurer based in West Des Moines, Iowa, would be the latest in a string of deals by Brookfield, a Toronto-based asset manager that has been on a buying spree in recent years. Brookfield has been expanding its insurance business, and the acquisition of American Equity would add to its portfolio of life insurers.
Brookfield has been in talks to buy American Equity for several months, and the two sides have been negotiating the terms of the deal, the people said. The terms of the deal could not be learned, but it is expected to be a cash transaction.
American Equity has a market capitalization of about $3.3 billion and has been struggling in recent years. The company has been hit hard by the coronavirus pandemic, as its business has been hurt by low interest rates and a decline in sales of annuities.
The company has been looking for a buyer for some time, and Brookfield has emerged as the most likely suitor. Brookfield has been on a buying spree in recent years, and the acquisition of American Equity would add to its portfolio of life insurers.
Brookfield has been expanding its insurance business, and the acquisition of American Equity would give it a foothold in the U.S. life insurance market. The company already owns a number of life insurers in Canada, including Sun Life Financial Inc. and Manulife Financial Corp.
Brookfield has been looking to expand its presence in the U.S. life insurance market, and the acquisition of American Equity would give it a platform to do so. The company has been looking to acquire a U.S. life insurer for some time, and American Equity is seen as a good fit.
The acquisition of American Equity would also give Brookfield access to the company’s distribution network, which includes more than 4,000 independent agents and brokers. The company also has a strong presence in the retirement market, with more than $50 billion in assets under management.
Brookfield has been looking to expand its presence in the U.S. life insurance market, and the acquisition of American Equity would give it a platform to do so. The company has been looking to acquire a U.S. life insurer for some time, and American Equity is seen as a good fit.
Brookfield’s Expansion Plans
Brookfield has been on a buying spree in recent years, and the acquisition of American Equity would add to its portfolio of life insurers. The company has been looking to expand its presence in the U.S. life insurance market, and the acquisition of American Equity would give it a platform to do so.
Brookfield has been looking to acquire a U.S. life insurer for some time, and American Equity is seen as a good fit. The company has a strong presence in the retirement market, with more than $50 billion in assets under management, and its distribution network includes more than 4,000 independent agents and brokers.
The acquisition of American Equity would also give Brookfield access to the company’s technology platform, which includes a suite of digital tools and services. The company has been investing heavily in technology in recent years, and the acquisition of American Equity would give Brookfield access to the company’s technology platform.
The acquisition of American Equity would also give Brookfield access to the company’s customer base, which includes more than 2 million policyholders. The company has been looking to expand its customer base, and the acquisition of American Equity would give it access to a large and loyal customer base.
American Equity’s Struggles
American Equity has been struggling in recent years, and the company has been hit hard by the coronavirus pandemic. The company’s business has been hurt by low interest rates and a decline in sales of annuities.
The company has been looking for a buyer for some time, and Brookfield has emerged as the most likely suitor. The terms of the deal could not be learned, but it is expected to be a cash transaction.
The acquisition of American Equity would be the latest in a string of deals by Brookfield, and the company has been expanding its insurance business. The acquisition of American Equity would give Brookfield a foothold in the U.S. life insurance market, and the company has been looking to expand its presence in the U.S. life insurance market.
The Benefits of the Deal
The acquisition of American Equity would be beneficial for both companies. For Brookfield, the acquisition would give it a foothold in the U.S. life insurance market, and the company has been looking to expand its presence in the U.S. life insurance market.
The acquisition would also give Brookfield access to the company’s technology platform, which includes a suite of digital tools and services. The company has been investing heavily in technology in recent years, and the acquisition of American Equity would give Brookfield access to the company’s technology platform.
For American Equity, the acquisition would provide the company with a much-needed infusion of capital. The company has been struggling in recent years, and the acquisition would provide the company with the resources it needs to turn its business around.
The Outlook
Brookfield is close to a deal to acquire American Equity, and the deal could be announced as soon as this week. The acquisition of American Equity would be beneficial for both companies, and it would give Brookfield a foothold in the U.S. life insurance market.
The acquisition would also give Brookfield access to the company’s technology platform, which includes a suite of digital tools and services. The acquisition would also give Brookfield access to the company’s customer base, which includes more than 2 million policyholders.
The acquisition of American Equity would be the latest in a string of deals by Brookfield, and the company has been expanding its insurance business. The acquisition of American Equity would give Brookfield a platform to do so, and the company has been looking to acquire a U.S. life insurer for some time.