American Equity buyer announces commitment to Des Moines metro, promotes local exec to CEO

May 7, 2024 by Tyler Jett

American Equity Investment Life Holding Co.’s new owner will maintain strong ties in Des Moines, announcing Friday that it is keeping the business’ headquarters in the metro and choosing a long-time local money manager to run it.

In a letter to employees, Brookfield Reinsurance Managing Partner Jon Bayer wrote that the company will promote American Equity Chief Risk Officer Jeffrey Lorenzen to the CEO role. Bayer added that Brookfield will keep jobs at American Equity, which employs about 1,000, in the region.

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Wink’s Moore on the Market: 

Originally Posted at Des Moines Register on May 3, 2024 by Tyler Jett.