TSX:BAMCapital Markets
Brookfield Just Group Deal Reshapes Insurance AUM And Valuation Story
Brookfield Wealth Solutions has completed its £2.4b acquisition of Just Group Plc in the U.K.
The deal expands Brookfield Asset Management's insurance presence in the U.K. pension risk transfer market.
Brookfield's global insurance assets under management now stand at US$180b.
For investors watching Brookfield Asset Management (TSX:BAM), this move adds a sizeable U.K. insurance platform on top of the firm's existing alternatives franchise. The shares most recently traded at CA$61.25, with a...