U.S. insurer American Equity explores sale -sources

Greenthesis SpA

22/05/2018 20:34

May 22 (Reuters) - American Equity Investment Life Holding
Co  AEL.N , a U.S. provider of annuities and life insurance
products, is exploring a sale after it attracted takeover
interest, people familiar with the matter said on Tuesday. 
    The West Des Moines, Iowa-based company, which sells fixed
index and fixed rate annuity products, is working with an
investment bank as it discusses a potential sale with interested
suitors, the sources said.
    Reinsurance firms, such as Athene Holding Ltd  ATH.N , and 
annuities and life insurance providers, such as Fidelity &
Guaranty Life Holdings, could be among those expressing an
interest in an acquisition of American Equity, the sources
added.
    The sources cautioned that no deal is certain and asked not
to be identified because the matter is confidential. American
Equity, Athene and Fidelity & Guaranty Life did not immediately
respond to requests for comment.
         

 (Reporting by David French in New York
Editing by Nick Zieminski)
 ((davidj.french@thomsonreuters.com; +1 646 223 5211; Reuters
Messaging: davidj.french.thomsonreuters.com@reuters.net))