Brookfield Reinsurance Ltd. (BNRE.TO) TSX

63.93

-0.75(-1.16%)

Updated at September 05, 2024 04:00PM

Currency In CAD

Brookfield Reinsurance Ltd.

Address

Ideation House

Pembroke, HM08

Bermuda

Phone

441-405-7811

Sector

Financial Services

Industry

Insurance - Reinsurance

Employees

3500

First IPO Date

June 28, 2021

Key Executives

NameTitlePayYear Born
Gregory N. McConnieChief Executive Officer of NER SPC & NER Ltd710,9651972
Sachin G. ShahChief Executive Officer, Head of Insurance Solutions Business & Director790,3461977
Thomas CorbettChief Financial Officer984,3101980
Lorenzo LorillaChief Investment Officer1.57M1982
Paul ForestellChief Operating Officer1.61M1969
Anna Knapman-ScottCorporate Secretary0N/A
Christopher DonahueSenior Vice President01987
Michael T. McRaithVice Chair of Insurance Solutions business0N/A
Susan Beth ComparatoManaging Director of Portfolio Management01969

Description

Brookfield Reinsurance Ltd., through its subsidiaries, provides annuity-based reinsurance products to insurance and reinsurance companies in the United States, Canada, and internationally. The company operates in three segments: Direct Insurance, Reinsurance, and Pension Risk Transfer (PRT). The Direct Insurance segment offers a range of insurance products and services including life insurance, annuities, property and casualty insurance, health insurance, credit insurance, and pension products. The Reinsurance segment provides reinsurance of annuity-based products, such as fixed annuities, fixed index annuities, and payout annuities. The PRT segment provides transfer by a corporate sponsor of the risks associated with the sponsorship and administration of a pension plan. The company was formerly known as Brookfield Asset Management Reinsurance Partners Ltd. and changed its name to Brookfield Reinsurance Ltd. in December 2022. Brookfield Reinsurance Ltd. was founded in 1905 and is headquartered in Pembroke, Bermuda.