NEW YORK, May 1, 2024 /PRNewswire/ -- IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE:AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (TSX:BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action Company Name Ticker GICS Sector May 6, 2024 S&P SmallCap 600 Addition IAC IAC Communication Services S&P SmallCap 600 Deletion American Equity Investment Life Holdings AEL Fin

BROOKFIELD, NEWS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)), soon to be renamed ‘Brookfield Wealth Solutions,' today announced financial results for the quarter ended June 30, 2024. Sachin Shah, CEO, stated, "We delivered strong operating results during the second quarter. With the closing of American Equity Life our asset base has doubled, our annuity sales are growing and we are well positioned for our next stage of growth." UnauditedAs of and for the periods ended June 30(US$ millions, except per share amounts)Three Months Ended Six Months Ended 2024  2023  2024  2023Total assets$130,533 $47,994 $130,533 $47,994Adjusted equity1 11,384  5,047  1

BROOKFIELD, NEWS, July 22, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced the approval of all items of business at the company's annual general and special meeting of shareholders. The meeting was held earlier today in a virtual meeting format. All five nominees proposed for election to the board of directors by holders of class A exchangeable limited voting shares ("class A shares") and all five nominees proposed for election to the board of directors by the holder of class B limited voting shares ("class B shares") were elected. Detailed results of the vote for the election of directors are set out below. Management receiv

BROOKFIELD, NEWS, June 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced that its upcoming annual general and special meeting of shareholders will be held on July 22, 2024 at 10:30 a.m. (Eastern Daylight Time), in a virtual format whereby holders may attend and participate in the meeting via live webcast. At the meeting, in addition to more routine matters, we will be seeking approval from shareholders to change the name of our company from "Brookfield Reinsurance" to "Brookfield Wealth Solutions." We will also be seeking approval from shareholders to implement changes designed to simplify and enhance our capital structure, including a re-des

AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of North End Re (Cayman) SPC (Cayman Islands) (NERC). Following the recent closure of Brookfield Reinsurance Ltd.'s (NYSE:BNRE, BNRE.A])) acquisition of American Equity Investment Life Holding Company (AEL) (NYSE:AEL), the strategy for subsidiary NERC is under review by AM Best. In 2021, prior to the acquisition, NERC entered into a reinsurance agreement with AEL affiliate American Equity Investment Life Insurance Company, whereby NERC agreed to assume up to $10 billion of fixed deferred annuities. NERC has managed the assu

BROOKFIELD, NEWS, May 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced financial results for the three months ended March 31, 2024. Sachin Shah, CEO of Brookfield Reinsurance, stated, "Our business continued to deliver strong financial results for the first quarter of 2024. With our recent acquisition of American Equity Life now complete, we've reached a significant milestone as one of the largest providers of annuities in North America. We are well positioned to scale our existing platform and offerings, diversify our retirement services capabilities, and lay the groundwork for the next phase of growth for our company." UnauditedAs at and for

BROOKFIELD, NEWS, May 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) today announced that its wholly-owned operating subsidiary American Equity Investment Life Insurance Company ("AEL") has received an upgrade to its Insurer Financial Strength ("IFS") rating from S&P Global Ratings ("S&P") to "A" from "A-". The upgrade reflects AEL being core to the overall Brookfield Reinsurance group and benefitting from the strong capital position and earnings profile of Brookfield Reinsurance. American National Insurance Company's "A" IFS rating has been reaffirmed, with credit watch removed following the completion of Brookfield Reinsurance's acquisition of American

NEW YORK, May 1, 2024 /PRNewswire/ -- IAC Inc. (NASD: IAC) will replace American Equity Investment Life Holding Company (NYSE:AEL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, May 6. Brookfield Reinsurance (TSX:BNRE) is acquiring American Equity Investment Life Holding Company in a deal expected to be completed prior to the open on May 3. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action Company Name Ticker GICS Sector May 6, 2024 S&P SmallCap 600 Addition IAC IAC Communication Services S&P SmallCap 600 Deletion American Equity Investment Life Holdings AEL Fin

Brookfield Reinsurance ((NYSE, TSX:BNRE) and American Equity Investment Life Holding Company (NYSE:AEL) ("AEL") today announced that the previously announced acquisition of AEL by Brookfield Reinsurance is expected to close following the close of market on May 2, 2024. About AEL At American Equity Investment Life Holding Company, our policyholders work with over 40,000 independent agents and advisors affiliated with independent market organizations (IMOs), banks and broker-dealers through our wholly-owned operating subsidiaries. Advisors and agents choose one of our leading annuity products best suited for their clients' personal needs to create financial dignity in retirement. To deliv

BROOKFIELD, NEWS, March 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE, BNRE.A)) announced today the filing of its 2023 annual report, including audited financial statements for the year ended December 31, 2023, on Form 20-F with the SEC on EDGAR as well as with Canadian securities regulatory authorities on SEDAR. These documents are available at bnre.brookfield.com, on SEC's website at www.sec.gov and on SEDAR's website at www.sedar.com. Hard copies will be provided to shareholders free of charge upon request. About Brookfield Reinsurance Brookfield Reinsurance Ltd. ((NYSE, TSX:BNRE, BNRE.A)) operates a leading capital solutions business providing insurance and re

BROOKFIELD, NEWS, March 13, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BNRE) today announced that the Iowa Insurance Division has confirmed a hearing date of April 5, 2024 for the Brookfield Reinsurance acquisition of American Equity Investment Life Holding Company (NYSE:AEL) ("AEL"). Sachin Shah, CEO of Brookfield Reinsurance said, "We are excited to move toward closing this transaction and begin the work of building AEL into a leader in the U.S. annuity markets. We look forward to working with all stakeholders to drive the business forward, and to make a positive impact in the Des Moines community and on AEL's policyholders and employees." Brookfield Reinsurance and AE

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Huize Holding (NASDAQ:HUIZ) stock rose 7.49% to $0.78 during Tuesday's regular session. Trading volume for Huize Holding's stock is 14.8K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $34.0 million. Crawford (NYSE:CRD) stock increased by 5.49% to $12.59. The current volume of 7.2K shares is 0% of Crawford's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at 615241133. Crawford (NYSE:CRD) shares rose 5.3% to $13.1. As of 1

Brookfield Reinsurance (NYSE:BNRE) reported quarterly earnings of $0.07 per share. This is a 50 percent decrease over earnings of $0.14 per share from the same period last year. The company reported $2.33 billion in sales this quarter. This is a 69.24 percent increase over sales of $1.38 billion the same period last year.

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Willis Towers Watson (NASDAQ:WTW) shares moved upwards by 6.59% to $266.97 during Tuesday's regular session. Trading volume for this security as of 12:40 EST is 444.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $25.8 billion. The company's, Q4 earnings came out today. GoHealth (NASDAQ:GOCO) stock rose 5.95% to $12.45. Trading volume for GoHealth's stock is 5.0K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Hartford Finl Servs Gr (NYSE:HIG) shares rose 4.19% to $90.72 during Friday's regular session. The current volume of 2.1 million shares is 0% of Hartford Finl Servs Gr's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $26.7 billion. The company's, Q4 earnings came out yesterday. Huize Holding (NASDAQ:HUIZ) stock moved upwards by 3.35% to $0.62. As of 12:40 EST, this security is trading at a volume of 440 shares, making up 0% of its average full-day volume over the last 100 days. The market value of their o

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers American Coastal (NASDAQ:ACIC) shares increased by 2.76% to $11.89 during Thursday's regular session. Trading volume for this security as of 12:40 EST is 109.9K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $507.8 million. Tian Ruixiang Holdings (NASDAQ:TIRX) stock rose 2.59% to $0.55. The current volume of 12.8K shares is 0% of Tian Ruixiang Holdings's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $1.7 million. eHealth (NASDAQ:EHT

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Tian Ruixiang Holdings (NASDAQ:TIRX) shares rose 5.2% to $0.58 during Tuesday's regular session. Tian Ruixiang Holdings's stock is trading at a volume of 4.9K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.7 million. Abacus Life (NASDAQ:ABL) shares rose 1.79% to $12.5. Abacus Life's stock is trading at a volume of 21.1K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $757.0 million

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Hippo Holdings (NYSE:HIPO) stock moved upwards by 2.73% to $9.37 during Monday's regular session. Hippo Holdings's stock is trading at a volume of 14.4K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $217.8 million. eHealth (NASDAQ:EHTH) stock moved upwards by 2.67% to $6.92. eHealth's stock is trading at a volume of 459.1K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $184.6 million. Lemonade (NY

Brookfield Reinsurance (NYSE:BNRE) reported quarterly earnings of $0.07 per share. This is a 50 percent decrease over earnings of $0.14 per share from the same period last year. The company reported $1.45 billion in sales this quarter. This is a 28.32 percent decrease over sales of $2.02 billion the same period last year.

Brookfield Corporation (NYSE:BN) and its affiliate Brookfield Reinsurance Ltd (NYSE:BNRE) are reportedly exploring the possibility of venturing into the U.K.'s pension insurance sector.  This exploration focuses on the bulk annuities segment, where potential acquisition targets may include companies like Just Group and Pension  Bulk annuities represent a type of insurance that enables companies' pension plans to transfer their liabilities to an insurer. Reuters reported that the deliberations are still in their early stages, and there is no assurance that Brookfield will proceed with such a move or engage in a transaction.  While Brookfield spun off its reinsurance arm as a separate enti

Brookfield Asset Management Ltd (NYSE:BAM) reported Q2 2023 revenues of $985 million which missed the consensus of $1.10 billion.  EPS of $0.28 missed the consensus of $0.32.  Distributable earnings rose to $527 million from $511 million, with Fee-Related earnings increasing 6% Y/Y to $548 million on solid fundraising and capital deployment activities. As of June 30, 2023, the company had $83 billion of uncalled fund commitments and $2.9 billion of cash and cash equivalents.  The company raised $17 billion in the second quarter and committed to a $50 billion new investment year-to-date.  "We also continue to see very strong momentum on the fundraising side. We've made terrific progress