Brookfield Reinsurance Ltd., operating through its various subsidiaries, delivers a broad spectrum of insurance and reinsurance solutions to both individual and institutional clients across the United States, Canada, and global markets. Its business operations are structured into three distinct divisions: Direct Insurance, Reinsurance, and Pension Risk Transfer (PRT). The Direct Insurance division offers a comprehensive suite of products and services. This includes a variety of life insurance policies such as Whole, Universal, Variable Universal, and Credit Life plans, alongside diverse annuity options like deferred, single premium immediate, and variable annuities. It also provides extensive casualty coverage, encompassing primary and excess policies for areas like specialty, construction defect, general liability, commercial multi-peril, workers' compensation, product liability, environmental liability, and auto liability. Furthermore, it addresses professional liability risks through management, transaction, and errors and omissions (E&O) coverages. Property insurance offerings extend to homeowners, renters, inland marine, and auto physical damages, complemented by specialized coverages such as surety, animal mortality, ocean marine, health insurance, credit insurance, and pension products. The Reinsurance segment focuses on providing backing for annuity-based products, specifically fixed, fixed index, and payout annuities. Lastly, the Pension Risk Transfer (PRT) division assists corporate sponsors in mitigating the financial and administrative risks associated with their pension plans. Initially established in 2020 as Brookfield Asset Management Reinsurance Partners Ltd., the company rebranded to Brookfield Reinsurance Ltd. in December 2022. Its corporate headquarters are located in Pembroke, Bermuda.
