Brookfield Reinsurance Ltd., through its subsidiaries, provides annuity-based reinsurance products to insurance and reinsurance companies in the United States, Canada, and internationally.

The company operates in three segments: Direct Insurance, Reinsurance, and Pension Risk Transfer (PRT).

The Direct Insurance segment offers a range of insurance products and services including life insurance, annuities, property and casualty insurance, health insurance, credit insurance, and pension products.

The Reinsurance segment provides reinsurance of annuity-based products, such as fixed annuities, fixed index annuities, and payout annuities.

The PRT segment provides transfer by a corporate sponsor of the risks associated with the sponsorship and administration of a pension plan.

The company was formerly known as Brookfield Asset Management Reinsurance Partners Ltd. and changed its name to Brookfield Reinsurance Ltd. in December 2022.

Brookfield Reinsurance Ltd. was founded in 1905 and is headquartered in Pembroke, Bermuda.