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Brookfield Spinoff to Snap Up Galveston Insurance Provider

Brookfield Asset Management Reinsurance Partners, an entity spun out of Canadian giant Brookfield Asset Management Inc. earlier this year as a standalone public company, has plans to acquire a life insurance and annuities provider with ties to Galveston.

American National Group Inc. will become wholly owned by Brookfield Reinsurance as part of the all-cash transaction.

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