M&A Deal Summary

Brookfield Reinsurance Acquires American National

On May 25, 2022, Brookfield Reinsurance acquired insurance company American National for 5.1B USD

Acquisition Highlights
  • This is Brookfield Reinsurance’s 1st transaction in the Insurance sector.
  • This is Brookfield Reinsurance’s largest (disclosed) transaction.
  • This is Brookfield Reinsurance’s 2nd transaction in the United States.
  • This is Brookfield Reinsurance’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-05-25
Target American National
Sector Insurance
Buyer(s) Brookfield Reinsurance
Deal Type Add-on Acquisition
Deal Value 5.1B USD

Target

American National

Galveston, Texas, United States
American National is an operator of a group of companies writing a broad array of insurance products and services and operating in all 50 states. American National was founded in 1905 and is based in Galveston, Texas.

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Buyer(S) 1

Buyer

Brookfield Reinsurance

Pembroke, Bermuda
Category Company
Founded 2020
Sector Insurance
Revenue 7.0B USD (2023)
DESCRIPTION

Brookfield Reinsurance provides capital solutions for insurance and reinsurance companies, and pension risk transfer products for Canadian pension plan sponsors. Brookfield Reinsurance was founded in 2020 and is based in Pembroke, Bermuda.

DEAL STATS #
Overall 2 of 4
Sector (Insurance) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Strategic Venue Partners

Greenwich, Connecticut, United States

Strategic Venue Partners is a platform company that designs, builds, finances, owns, and operates in-building wireless communication infrastructure solutions for venue owners and enterprise customers under long-term contracts. Strategic Venue Partners installs DAS, Wireless LAN, Fiber, IPTV, and Public Safety systems while also generating additional revenue for its customers through Small Cell and Macro Site development. Strategic Venue Partners was founded in 2017 and is based in Greenwich, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Argo Group

Pembroke, Bermuda

Argo Group offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo Group was founded in 1986 and is based in Pembroke, Bermuda.

Buy $1.1B
Mergr

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