Insurers Corebridge, Equitable Merge for $22 Billion

Corebridge and Equitable are merging in a significant deal valued at $22 billion, creating a formidable entity in the financial services sector. This strategic combination will establish a powerhouse with $1.5 trillion in assets under management, focusing on retirement, life insurance, wealth management, and investment services. The merger is poised to enhance the competitive standing of both companies and accelerate their growth trajectories across these key financial areas, promising a more integrated and robust offering for their clients.