American Equity executes assignment of 2020 Investment Agreement rights to BAM Re Holdings and American National Group

American National Group Inc.

North End Re and Freestone Re assign all rights and obligations under the October 2020 Investment Agreement to BAM Re Holdings and American National Group, effective December 21, 2023.
BAM Re Holdings and ANAT assume the 'Purchaser Subsidiary' role; assignors have no further rights or obligations.
The assignment is part of a Brookfield reorganization involving transfer of AEL common shares held by North End Re and Freestone Re.
All parties (BN, BNRE, AEL) consent to the assignment and related share transfers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

American National Group Inc. entered into Assignment, Assumption and Consent Agreement with Brookfield Corporation, Brookfield Reinsurance Ltd., North End Re (Cayman) SPC, Freestone Re Ltd., BAM Re Holdings Ltd., American National Group, LLC (effective 2023-12-21).

Action: entry
Counterparty: Brookfield Corporation, Brookfield Reinsurance Ltd., North End Re (Cayman) SPC, Freestone Re Ltd., BAM Re Holdings Ltd., American National Group, LLC
Effective: 2023-12-21

Exact text from the filing

On December 21, 2023, American Equity Investment Life Holding Company (the “Company”) entered into an Assignment, Assumption and Consent Agreement (the “Assignment Agreement”) with Brookfield Corporation (“BN”), Brookfield Reinsurance Ltd. (“BNRE”), North End Re (Cayman) SPC (“North End Re”), Freestone Re Ltd. (“Freestone Re”), BAM Re Holdings Ltd. (“BAM Re Holdings”) and American National Group, LLC (“ANAT”).

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Source: SEC EDGAR

accession 0001104659-23-128301

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