IPOs

The company is offering 80 million Corebridge shares, or 12.4% of the subsidiary’s 645 million total common shares.

There has been an increasing trend over the last 18 months of strategic-on-InsurTech M&A, albeit on the MGA side.

The firm needs to get a grip in HNW, dial up commercial lines growth, cut through the Corebridge knot and then an acquisition will be next.

The executive discussed InsurTech challenges, his priorities for Branch, fundraising, and his concerns about the capital markets.

The top-10 US retail broker has built probably the greatest growth story in the insurance market’s history.

The specialty insurer is trying to catch the end of favorable sector conditions, and macro conditions that could still support a listing if they stabilize.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Sources said that the company is not using the listing to flush out potential trade or PE bidders.

Inside P&C’s news team canters through the week’s key developments.

The company disclosed its IPO intentions early Tuesday saying the number of shares to be offered and the price range for the proposed offering have not yet been determined.

Conditions for SPAC D&O are likely to remain turbulent, amid the heightened SEC scrutiny and uncertainty concerning claims resolution.

The Bill Johnson-led broker has grown 12-fold in three years and will stake its claim to BRP’s mantle.