A spin-out of Brookfield Corporation, Brookfield Wealth Solutions plans to launch in the market later this quarter under the Blumont Annuity U.K. brand. Reuters first reported the potential move in 2023. (The Logic)
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A spin-out of Brookfield Corporation, Brookfield Wealth Solutions plans to launch in the market later this quarter under the Blumont Annuity U.K. brand. Reuters first reported the potential move in 2023. (The Logic)
Talking point: The asset management giant is looking to capitalize on an expected boom in companies seeking to offload their pension-scheme risk to insurance firms in the U.K. The move will expand Brookfield’s presence in the market, where it already manages over £63 billion of assets, it said in a press release. Brookfield would be the first new firm since 2007 to be authorized as a bulk annuity issuer, which is dominated by domestic firms, according to consultancy firm LCP.
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