AEL | Jotup

Axel André Joins RGA to Succeed Todd Larson as Chief Financial Officer

Retrieved on:

Mercoledì, Maggio 29, 2024

Finance, Health, Professional Services, Insurance, Health Insurance, American International Group, Retirement, Special, CFO, Growth, Reinsurance Group of America, AEL, AIG, RGA, Management

Reinsurance Group of America, Incorporated (NYSE: RGA) announced today that Axel André will join the company as Executive Vice President on June 24, 2024.

Key Points:

Reinsurance Group of America, Incorporated (NYSE: RGA) announced today that Axel André will join the company as Executive Vice President on June 24, 2024.
Following a brief transition period, effective August 5, the company expects to name André Chief Financial Officer (CFO), the role currently held by Todd Larson.
“In his nearly 30 years with RGA, Todd has steadily raised the bar for RGA’s financial and capital management function,” said Tony Cheng, President and Chief Executive Officer, RGA.
“He has built and led a talented and diverse financial team, and as a company, we have only grown stronger under Todd’s financial leadership.

JAB Diversifies Beyond Consumer Goods and Services

Retrieved on:

Lunedì, Maggio 13, 2024

“This is the next phase of JAB’s evolution into a more diversified investment firm,” said Peter Harf, Managing Partner, Founder, and Chairman of JAB.

Key Points:

“This is the next phase of JAB’s evolution into a more diversified investment firm,” said Peter Harf, Managing Partner, Founder, and Chairman of JAB.
“With this milestone, we are ideally positioned to deliver sustainable, long-term shareholder value for generations to come.”
Joachim Creus, Managing Partner, Vice Chairman, and CEO of JAB, added: “In 2012, Peter set in motion a long-term strategic vision to transform a family office into a leading investment firm in consumer goods and services.
Today, JAB manages more than $50 billion of assets, including a fast-growing pet insurance business.
“Pet insurance, which sits at the crossroads of consumer products and insurance, was a natural first step into insurance for JAB,” added Frank Engelen, Managing Partner, and CFO of JAB.

Brookfield Reinsurance Announces Credit Rating Upgrade of American Equity Investment Life Insurance Company to A

Retrieved on:

Martedì, Maggio 7, 2024

NEWS, TSX, American National Insurance Company, S&P Global, Acquisition, AEL

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-”.

Key Points:

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 Equity Investment Life Holding Company (“AEILHC”).
The rating for American National Group LLC’s existing senior bonds has been reaffirmed at “BBB”, with credit watch removed.

AM Best Places Credit Ratings of North End Re (Cayman) SPC Under Review With Developing Implications

Retrieved on:

Giovedì, Maggio 9, 2024

Banking, Professional Services, Insurance, Finance, News, Credit, AM Best, NERC, Acquisition, AEL, ALL

Until more clarity on the strategy is communicated to AM Best analysts, the ratings will remain under review with developing implications.

Key Points:

Until more clarity on the strategy is communicated to AM Best analysts, the ratings will remain under review with developing implications.
This press release relates to Credit Ratings that have been published on AM Best’s website.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

EQS-News: Green hydrogen: ANDRITZ acquires stake in Norwegian tech-company HydrogenPro

Retrieved on:

Venerdì, Maggio 3, 2024

Acquisition, International, AEL, EPC, Partnership, Engineering

GRAZ, APRIL 11, 2024. International technology group ANDRITZ has acquired a 13.8% stake in the Norwegian company HydrogenPro.

Key Points:

GRAZ, APRIL 11, 2024. International technology group ANDRITZ has acquired a 13.8% stake in the Norwegian company HydrogenPro.
The acquisition strengthens the strategic partnership between ANDRITZ and HydrogenPro to serve ANDRITZ’s customers even better.
HydrogenPro provides the pressurized alkaline electrolyzer components and technology, while ANDRITZ assembles the electrolyzer stacks in its facilities and supplies green hydrogen solutions on an EPC (Engineering, Procurement and Construction) basis.
Joachim Schönbeck, President and CEO of ANDRITZ, states, “We are pleased to strengthen our partnership with HydrogenPro.

Brookfield Reinsurance Completes Acquisition of AEL

Retrieved on:

Giovedì, Maggio 2, 2024

Oliver Cromwell, LLP, Torys, Martha Plimpton, BMO Capital Markets, Insurance, NEWS, TSX, Barclays, Growth, J. P. Morgan, Acquisition, DeBevoise, Brookfield (corporation), AEL, Sullivan & Cromwell, Cravath, Swaine & Moore, Financial services

BROOKFIELD, NEWS, May 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced the completion of Brookfield Reinsurance’s acquisition of AEL in a cash and stock transaction valued at $56.50 per AEL share.

Key Points:

BROOKFIELD, NEWS, May 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced the completion of Brookfield Reinsurance’s acquisition of AEL in a cash and stock transaction valued at $56.50 per AEL share.
Jon Bayer, Managing Partner at Brookfield Reinsurance said, “We are excited to welcome AEL to our organization as we continue to grow, diversify and scale our retirement services capabilities.
Barclays served as lead financial advisor to Brookfield Reinsurance and BMO Capital Markets also acted as an advisor to Brookfield Reinsurance on this transaction.
Cravath, Swaine & Moore LLP served as legal advisor to Brookfield Reinsurance and Debevoise & Plimpton LLP served as Brookfield Reinsurance’s insurance legal counsel.

Brookfield Reinsurance and AEL Announce Expected Closing Date for Brookfield Reinsurance’s Acquisition of AEL

Retrieved on:

Martedì, Aprile 30, 2024

Professional Services, Small Business, Insurance, Finance, Asset Management, Banking, Personal Finance, Acquisition, TSX, AEL, Reinsurance

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.

Key Points:

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.

Electrolyzer Market: Consistent Uptick in Number of Green H2 Players, Finds IDTechEx Research

Retrieved on:

Venerdì, Aprile 12, 2024

Hydrogen, SOEC, Toyota, Mirai, SME, Seawater, AWE, FCEV, Research, Water, TRL, Original equipment manufacturer, Hydrogen production, Plant, Engineering, LONGi, Plug Power, Oxygen, PEM, CO2, AEM, Electrolysis, AEL, Growth, Energy, Players, Renewable energy

This article provides a view of some overarching trends seen in the current electrolyzer market for green hydrogen production.

Key Points:

This article provides a view of some overarching trends seen in the current electrolyzer market for green hydrogen production.
For context, the electrolyzer is a key unit in the green hydrogen plant, responsible for the splitting of water molecules into hydrogen and oxygen using renewable energy.
The number of start-ups in the electrolyzer market indicates the high interest to develop new or improved electrolyzer technologies.
IDTechEx forecasts the annual water electrolyzer market value to exceed US$70 billion by 2034 , representing a CAGR of 40.7% over 2024-2034.

Electrolyzer Market: Consistent Uptick in Number of Green H2 Players, Finds IDTechEx Research

Retrieved on:

Venerdì, Aprile 12, 2024

This article provides a view of some overarching trends seen in the current electrolyzer market for green hydrogen production.

Key Points:

This article provides a view of some overarching trends seen in the current electrolyzer market for green hydrogen production.
For context, the electrolyzer is a key unit in the green hydrogen plant, responsible for the splitting of water molecules into hydrogen and oxygen using renewable energy.
The number of start-ups in the electrolyzer market indicates the high interest to develop new or improved electrolyzer technologies.
IDTechEx forecasts the annual water electrolyzer market value to exceed US$70 billion by 2034 , representing a CAGR of 40.7% over 2024-2034.

Adams Street Partners Raises $1 Billion for First Middle Market CLO

Retrieved on:

Martedì, Aprile 9, 2024

Finance, Banking, Professional Services, Asset Management, Insurance, CLO, AEL, Private credit, Partnership, Knowledge, Equity, ASP, AUM, Partner, Summa, Security (finance)

The Private Credit team of Adams Street Partners , LLC (“Adams Street”), a private markets investment firm with more than $58 billion in assets under management, today announced the final closing of a $1 billion middle market collateralized loan obligation (“CLO”), ASP Summa.

Key Points:

The Private Credit team of Adams Street Partners , LLC (“Adams Street”), a private markets investment firm with more than $58 billion in assets under management, today announced the final closing of a $1 billion middle market collateralized loan obligation (“CLO”), ASP Summa.
The CLO is a first for Adams Street and was structured in partnership with American Equity Investment Life Insurance Company (“American Equity Life”) (NYSE: AEL), a leading issuer of fixed index annuities.
“Adams Street’s first CLO represents a significant milestone for our private credit business,” said Bill Sacher , Partner & Head of Private Credit at Adams Street.
Adams Street and American Equity Life entered into a $2 billion joint venture partnership in 2021 to co-develop insurer capital-efficient products in middle market credit.