Mawer Investment Management Discloses 817,635 Shares in Brookfield Reinsurance

TL;DR

**Mawer Investment Management still holds over 817K shares of Brookfield Reinsurance, signaling continued institutional confidence.**

AI Summary

Mawer Investment Management Ltd., a Canadian firm, filed an amended Schedule 13G/A on February 5, 2024, disclosing its beneficial ownership in Brookfield Reinsurance Ltd. As of December 31, 2023, Mawer holds sole voting power over 817,635 Class A Exchangeable Shares of Brookfield Reinsurance. This filing indicates a significant institutional investment, which can signal confidence in the company's long-term prospects to current and potential shareholders.

Why It Matters

This filing shows a major institutional investor, Mawer Investment Management, maintains a substantial stake in Brookfield Reinsurance, which can be a positive signal for other investors considering the stock.

Risk Assessment

Risk Level: low — This filing is an update on an existing institutional holding, indicating stability rather than a new, volatile event.

Analyst Insight

Investors should note that a significant institutional investor like Mawer Investment Management Ltd. continues to hold a substantial position in Brookfield Reinsurance Ltd., which could be interpreted as a sign of long-term confidence in the company.

Key Numbers

• 817,635 — Shares Beneficially Owned (Represents Mawer Investment Management Ltd.'s sole voting power in Brookfield Reinsurance Ltd. as of December 31, 2023.)

Key Players & Entities

• Mawer Investment Management Ltd. (company) — the reporting person and beneficial owner
• Brookfield Reinsurance Ltd. (company) — the subject company (issuer) whose shares are being reported
• 817,635 (dollar_amount) — number of shares beneficially owned with sole voting power
• December 31, 2023 (date) — the date of the event requiring the filing
• February 5, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Mawer Investment Management Ltd. will likely maintain its significant stake in Brookfield Reinsurance Ltd. in the near term. (Mawer Investment Management Ltd.) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• mawerbnre13gmay2023.htm (SC 13G/A) — 112KB
• 0000945621-24-000155.txt ( ) — 113KB

From the Filing

SC 13G/A 1 mawerbnre13gmay2023.htm AMENDMENT NO. 1 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Brookfield Reinsurance Ltd. (Name of Issuer) Class A Exchangeable Shares (Title of Class of Securities) G16250105 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP No. Page 2 of 5 Pages G16250105 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Mawer Investment Management Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 817,635 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 1,348,935 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,348,935 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.91% (1) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) Investment Advisor (1) Based upon 10,450,952 Class A Exchangeable Shares of Brookfield Reinsurance Ltd. (the "Issuer") outstanding as of September 30, 2023, as reported in the Issuer's Interim Financial Statements filed with the Canadian Securities Administrators on November 13, 2023. CUSIP No. Page 3 of 5 Pages G16250105 Item 1. (a) Name of Issuer: Brookfield Reinsurance Ltd. (b) Address of Issuer's Principal Executive Offices: Ideation House, 1st Floor, 94 Pitts Bay Road Pembroke, Bermuda HM08 Item 2. (a) Name of Persons Filing: Mawer Investment Management Ltd. (b) Address of Principal Business Office or, if none, Residence : 600, 517 – 10th Avenue SW Calgary, Alberta, Canada T2R 0A8 (c) Citizenship: Canada (d) Title of Class of Securities: Class A Exchangeable Shares (e) CUSIP Number: G16250105 Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940. (e) [X] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G). (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940. CUSIP No. Page 4 of 5 Pages G16250105 (j) [ ] A non-U.S. institution in accordance with Section 240.13d-1(b)(1) (ii)(J). (k) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: _____________________________________________ Item 4. (a) Amount Beneficially Owned: 1,348,935 (b) Percent of Class: 12.91% (c) Number of Shares as to which the person has: (i) sole power to vote or to direct the vote: 817,635 (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 1,348,935 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: Item 6. Not Applicable CUSIP No. Page 5 of 5 Pages G16250105 Item 7. Identification and Classification of Subsidiaries Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I

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