Launch of Brookfield Annuity Creates Canada's First Pension De-Risking and Group Annuity Specialist
15-Dec-2016
“This is an exciting day for us and an important day for Canadian defined benefit pension plans,” said Paul Forestell, President and Chief Executive Officer of Brookfield Annuity. “Defined benefit plan sponsors are increasingly looking for innovative approaches that will help them manage risk more effectively. Our group annuity solutions offer those plan sponsors an opportunity to de-risk their balance sheets while still keeping the pension promise.”
Unlike other providers that have multiple lines of business, Brookfield Annuity is primarily focused on serving pension plan sponsors through group annuities and aligned de-risking products like longevity insurance.
“Annuities are what we do,” said Forestell, the former head of the Canadian retirement practice at a top-tier global consulting firm. “This focus enables us to be more flexible and more responsive because we devote our energy to delivering tailored solutions and high-quality service to our clients.”
About Brookfield Annuity
Brookfield Annuity, which is headquartered in Toronto, is a Canadian life insurance company that is primarily focused on providing group annuity solutions to defined benefit pension plans. Regulated by the federal Office of the Superintendent of Financial Institutions, Brookfield Annuity is a member of Assuris, a not-for-profit organization that protects Canadian policyholders if their life insurance company should fail. Brookfield Annuity is wholly owned by Brookfield Asset Management, a leading global alternative asset manager.
For more information, see www.brookfieldannuity.com or contact:
Media:
Claire Holland
Phone: 416.369.8236
Email: claire.holland@brookfield.com
Other News
Unlike other providers that have multiple lines of business, Brookfield Annuity is primarily focused on serving pension plan sponsors through group annuities and aligned de-risking products like longevity insurance.
“Annuities are what we do,” said Forestell, the former head of the Canadian retirement practice at a top-tier global consulting firm. “This focus enables us to be more flexible and more responsive because we devote our energy to delivering tailored solutions and high-quality service to our clients.”
About Brookfield Annuity
Brookfield Annuity, which is headquartered in Toronto, is a Canadian life insurance company that is primarily focused on providing group annuity solutions to defined benefit pension plans. Regulated by the federal Office of the Superintendent of Financial Institutions, Brookfield Annuity is a member of Assuris, a not-for-profit organization that protects Canadian policyholders if their life insurance company should fail. Brookfield Annuity is wholly owned by Brookfield Asset Management, a leading global alternative asset manager.
For more information, see www.brookfieldannuity.com or contact:
Media:
Claire Holland
Phone: 416.369.8236
Email: claire.holland@brookfield.com