KOHUKU/shutterstock.com_1069917221
30 October 2024News

Bloomberg Wealth opens Japan office

Brookfield Wealth Solutions has entered the reinsurance business in Japan and has hired Tomohide Yokooka, formerly of Barclays Plc, as managing director and country head, Bloomberg News has reported. 

Citing people familiar with the matter, Bloomberg said Yokooka has worked for over 20 years in the business of merger and acquisition advisory and capital procurement services in Tokyo and New York working for various firms including Goldman Sachs Group Inc. and Citigroup Inc. Most recently, he worked at Barclays Japan from 2018.

Bermuda-based Brookfield Wealth, which was spun out from North American asset management company Brookfield Corporation., provides capital-based solutions to insurance and re/insurance companies and has over $110 billion in insurance assets globally.

The former Brookfield Re owns property and casualty re/insurer Argo, and life re/insurers American Equity Investment Life Insurance Company and American National. 

A spokesperson for Brookfield Wealth declined to comment.

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.