SEC Form SC 13D/A filed by Brookfield Asset Management Reinsurance Partners Ltd. (Amendment)
1
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NAMES OF REPORTING PERSONS
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BROOKFIELD REINSURANCE LTD.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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BERMUDA
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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15,886,163(1)
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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15,886,163(1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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15,886,163
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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20.38%(2)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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1
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NAMES OF REPORTING PERSONS
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BAM RE PARTNERS TRUST
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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BERMUDA
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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15,886,163(1)
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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15,886,163(1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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15,886,163(1)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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20.38%(2)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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1
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NAMES OF REPORTING PERSONS
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BAM RE HOLDINGS LTD.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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BERMUDA
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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15,886,163(1)
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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15,886,163(1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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15,886,163(1)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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20.38%(2)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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1
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NAMES OF REPORTING PERSONS
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NORTH END RE (CAYMAN) SPC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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CAYMAN ISLANDS
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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12,028,979
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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12,028,979
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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12,028,979
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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||||
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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15.43%(1)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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Item 2. |
Identity and Background:
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Item 4. |
Purpose of Transaction:
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Item 5.
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Interest in Securities of the Issuer:
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(a)-(b) |
The aggregate number and percentage of Common Stock beneficially owned by the Reporting Persons to which this Schedule 13D relates is 15,886,163 shares, constituting approximately 20.38% of the
Issuer’s outstanding Common Stock. The percentage of Common Stock of the Issuer is based on an aggregate number of 77,941,257 shares of Common Stock of the Issuer outstanding as of May 4, 2023, as set forth in the Issuer’s
Quarterly Report on Form 10-Q for the quarterly period ending March 31, 2023, filed on May 10, 2023.
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(i) |
Brookfield Reinsurance Ltd. (“Brookfield Reinsurance”)
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(A) |
As of May 4, 2023, Brookfield Reinsurance may be deemed to be the beneficial owner of 15,886,163 shares of Common Stock, constituting approximately 20.38% of the Issuer’s outstanding Common Stock.
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(B) |
Sole voting power to vote or direct vote: 0 shares
Shared voting power to vote or direct vote: 15,886,163 shares
Sole power to dispose or direct the disposition: 0 shares
Shared power to dispose or direct the disposition: 15,886,163 shares
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(ii) |
BAM Re Partners Trust
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(A) |
As of May 4, 2023, BAM Re Partners Trust may be deemed to be the beneficial owner of 15,886,163 shares of Common Stock, constituting approximately 20.38% of the Issuer’s outstanding Common Stock.
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(B) |
Sole voting power to vote or direct vote: 0 shares
Shared voting power to vote or direct vote: 15,886,163 shares
Sole power to dispose or direct the disposition: 0 shares
Shared power to dispose or direct the disposition: 15,886,163 shares
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(iii) |
BAM Re Holdings
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(A) |
As of May 4, 2023, BAM Re Holdings may be deemed to be the beneficial owner of 15,886,163 shares of Common Stock, constituting approximately 20.38% of the Issuer’s outstanding Common Stock.
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(B) |
Sole voting power to vote or direct vote: 0 shares
Shared voting power to vote or direct vote: 15,886,163 shares
Sole power to dispose or direct the disposition: 0 shares
Shared power to dispose or direct the disposition: 15,886,163 shares
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(iv) |
North End Re
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(A) |
As of May 4, 2023, North End Re may be deemed to be the beneficial owner of 12,028,979 shares of Common Stock, constituting approximately 15.43% of the Issuer’s outstanding Common Stock.
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(B) |
Sole voting power to vote or direct vote: 0 shares
Shared voting power to vote or direct vote: 12,028,979 shares
Sole power to dispose or direct the disposition: 0 shares
Shared power to dispose or direct the disposition: 12,028,979 shares
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(c) |
Other than as described in Item 3 of this Schedule 13D, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, any of the Scheduled Persons, has effected any transaction in
shares of Common Stock during the past sixty days.
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(d) |
Not applicable.
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(e) |
Not applicable.
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Item 7. |
Material to Be Filed as Exhibits:
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Exhibit 99.1 |
Joint Filing Agreement
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BROOKFIELD REINSURANCE LTD.
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By:
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/s/ Anna Knapman-Scott | ||
Name: | Anna Knapman-Scott | |||
Title: | Corporate Secretary |
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BAM RE TRUSTEE LTD.,
for and on behalf of BAM RE PARTNERS TRUST |
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By:
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/s/ Kathy Sarpash
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Name: |
Kathy Sarpash
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Title: |
Vice President
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BAM RE HOLDINGS LTD.
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By:
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/s/ Anna Knapman-Scott | ||
Name: | Anna Knapman-Scott | |||
Title: | Secretary |
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NORTH END RE (CAYMAN) SPC
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By:
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/s/ Gregory McConnie
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Name |
Gregory McConnie
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Title |
Director and Chief Executive Officer
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Name and Position of
Officer or Director
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Principal Business Address
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Principal Occupation or
Employment
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Citizenship
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Gregory McConnie,
Director and President
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Rendezvous Corporate Center,
2nd Floor, Rendezvous,
Christ Church, Barbados
BB15131
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President and Chief Executive
Officer
of North End Re Ltd.
and North End Re (Cayman)
SPC
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Barbados
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Gregory Morrison,
Director
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73 Front Street, 5th Floor,
Hamilton, HM 12, Bermuda
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Director
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Canada
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Seamus MacLoughlin,
Director
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Ideation House, 1st Floor,
94 Pitts Bay Road,
Pembroke, HM08,
Bermuda
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Chief Actuary
of North End Re Ltd.
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United Kingdom
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Anna Knapman-Scott,
Secretary
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Ideation House, 1st Floor,
94 Pitts Bay Road,
Pembroke, HM08,
Bermuda
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Vice President, Legal and
Compliance of North End Re
Ltd.
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United Kingdom
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Name and Position of
Officer or Director
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Principal Business Address
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Principal Occupation or
Employment
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Citizenship
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Gregory McConnie,
Director and Chief
Executive Officer
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Rendezvous Corporate Center,
2nd Floor, Rendezvous,
Christ Church, Barbados
BB15131
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President and Chief Executive
Officer
of North End Re Ltd.
and North End Re (Cayman)
SPC
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Barbados
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Gregory Morrison,
Director
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73 Front Street, 5th Floor,
Hamilton, HM 12, Bermuda
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Director
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Canada
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Fearghal O’Riordan,
Director and Chief
Financial Officer
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18 Forum Lane, 2nd Floor,
Camana Bay,
PO Box 30487,
Grand Cayman, KY1-1202,
Cayman Islands
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Chief Operating Officer of
North End Re Ltd. and Chief
Financial Officer of
North End Re (Cayman) SPC
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Ireland
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Seamus MacLoughlin,
Director
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Ideation House, 1st Floor,
94 Pitts Bay Road,
Pembroke, HM08, Bermuda
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Chief Actuary
of North End Re Ltd.
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United
Kingdom
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Melissa Thomas, Director
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Governor’s Square, Unit 4-103
PO Box 30608
Grand Cayman KY1-1203
Cayman Islands
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Director
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Cayman Islands
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John Ferrari,
Director
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10 Market Street,
Camana Bay,
PO Box 1028
Grand Cayman, KY1-9006
Cayman Islands
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Director
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Cayman Islands
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Claire Crawford,
Chief Actuary
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18 Forum Lane, 2nd Floor,
Camana Bay,
PO Box 30487,
Grand Cayman, KY1-1202,
Cayman Islands
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Chief Actuary
of North End Re (Cayman) SPC
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Ireland
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Jeffrey Morash,
Chief Risk Officer
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Ideation House, 1st Floor,
94 Pitts Bay Road,
Pembroke, HM08,
Bermuda
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Chief Risk Officer
of North End Re Ltd and North
End Re (Cayman) SPC
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Canada
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Anna Knapman-Scott,
Secretary
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Ideation House, 1st Floor,
94 Pitts Bay Road,
Pembroke, HM08,
Bermuda
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Vice President, Legal and
Compliance of North End Re Ltd.
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United
Kingdom
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Shaneil Whittaker,
Assistant Secretary
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18 Forum Lane, 2nd Floor,
Camana Bay,
PO Box 30487,
Grand Cayman, KY1-1202,
Cayman Islands
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Associate, Legal and
Compliance
of North End Re (Cayman) SPC
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Cayman Islands
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