Debevoise Advises Brookfield Reinsurance in Its Acquisition of AEL in a Transaction Valued at Approximately $4.3 Billion

5 July 2023

Debevoise & Plimpton LLP is advising Brookfield Reinsurance (NYSE, TSX: BNRE) in its acquisition of American Equity Investment Life Holding Company (NYSE: AEL) in a transaction valued at approximately $4.3 billion. For more information, please see the company’s press release.

Brookfield Reinsurance Ltd. (NYSE, TSX: BNRE) operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions. AEL is a leader in the fixed index annuities marketplace.

The Debevoise team is led by insurance M&A partners Drew DuttonAndrew Jamieson and Nicholas Potter and includes associates Matthew Mrozek, Susie Kim, Dylan Sanders and Niusha Tavassoli, and tax partner Peter Schuur, associate Robert Nelson-Sullivan and law clerk Olivia Daniels.