In this April 16, 2009, file photo, the MetLife skyscraper overlooks an older building in New York. MetLife is in talks to part with a business that at one time defined one of the world’s biggest life insurance companies: Its life insurance agents. The unit, known as MetLife Premier Client Group, has 4,000 workers who sell insurance products to individuals and small business owners, according to paperwork filed to the U.S. Securities and Exchange Commission. (AP Photo/Mark Lennihan, File)
In this April 16, 2009, file photo, the MetLife skyscraper overlooks an older building in New York. MetLife is in talks to part with a business that at one time defined one of the world’s biggest life insurance companies: Its life insurance agents. The unit, known as MetLife Premier Client Group, has 4,000 workers who sell insurance products to individuals and small business owners, according to paperwork filed to the U.S. Securities and Exchange Commission. (AP Photo/Mark Lennihan, File)American Equity Investment Life Holding Company said on Sunday that it reached a deal for private equity firm Brookfield Asset Management to acquire a nearly 20% stake in the company, while rejecting a more than $3 billion takeover bid from MassMutual and Athene.

Brookfield Asset Management said Wednesday that it has picked Mark Carney, a former governor of both the Bank of England and the Bank of Canada, to serve as its head of environmental, social and governance and impact fund investing.

Marco Capital Holdings Limited said on Tuesday that it plans to buy British Reserve Insurance Company from Allianz, a deal that comes a little more than a day after it revealed its own launch and entry into Europe’s run-off property and casualty space.

Marco Capital Holdings Limited revealed its launch on Sunday as a new company specializing in the run-off property and casualty insurance space in Europe, with Oaktree Capital Management serving as its majority investor.

Financial technology vendor Fiserv is launching new tools for the banking industry aimed at helping institutions adapt to impending changes to regulatory reporting standards.

Brookfield Asset Management said Thursday that it enjoyed a record $23 billion in capital fundraising during the second quarter and intends to focus its investing on the infrastructure sector, an area that proved particularly resilient during the global COVID-19 pandemic.

UBS, Credit Suisse and Deutsche Bank have thrown their weight behind a bid to derail the sale of Virgin Australia to private equity firm Bain Capital, documents filed Tuesday in an Australian court show.

Four of Canada’s six largest banks were among the more than 200 companies that signed a pledge committing to help end racism in their industries and to fill at least 3.5% of executive and board positions with Black individuals within five years.

Bain Capital has prevailed in a bidding war for bankrupt airline Virgin Australia, after rival bidder Cyrus Capital withdrew its offer.

New Mexico’s State Investment Council voted unanimously Tuesday to authorize a commitment of up to $100 million for a new Oaktree Capital Management distressed-debt fund, following a recommendation to respond to the COVID-19 economic downturn and a historically large market for low-rated debt.

One of Canada’s largest investment firms, Brookfield Asset Management, will expand its renewable-energy footprint in Asia with the purchase of a solar business from India’s Emami Group.

Bain Capital and Cyrus Capital are the last two bidders in the running to acquire Virgin Australia, the collapsed carrier’s administrator said Tuesday after whittling down a list of reportedly more than a dozen interested parties.

Brookfield Asset Management has shaken up the bidding war for Virgin Australia, reportedly submitting a last-minute offer for the airline Friday after withdrawing from consideration earlier this month.

Brookfield Asset Management, a major mall owner, is looking to spend $5 billion to prop up retailers crippled by the coronavirus pandemic, the company said Thursday.