Equitable, Corebridge set to merge, create $22 billion US insurance giant - Reuters

Equitable and Corebridge have agreed to merge, creating a combined U.S. insurance company valued at approximately $22 billion. The deal consolidates two major players in the insurance sector into a single entity that would rank among the largest in the industry. The merger reflects ongoing consolidation in the insurance market as companies seek to achieve greater scale and operational efficiency. The combined company will operate with expanded resources and broader market reach across multiple insurance lines. The transaction is subject to customary closing conditions and regulatory approvals.