A new Bermudian company is planned to reinsure $5 billion of annuities issued by American Equity Investment Life Holding Company.Värde Partners, a hedge fund, will establish the new reinsurer.The plan is the product of a strategic partnership between American Equity, Värde and Agam Capital Management, LLC, an insurance solutions provider. American Equity, a New York Stock Exchange-listed company based in West Des Moines, Iowa, and Värde will jointly set up a company to manage the ass