Brookfield Targets Global Dominance in P&C Insurance Coverage

Brookfield Corp. plans to build its property and casualty insurance business as it looks to exploit a corner of the insurance industry in which the firm has a competitive edge and hasn’t been crowded by other private equity players.

The firm is seeking “a relatively low-risk” area of property and casualty insurance “where we can become globally dominant and create float to invest into our strategies,” particularly its higher-earning equity strategies, Chief Executive Officer Bruce Flatt said in an interview Tuesday at the Goldman Sachs Financial Services Conference.

Brookfield is focused on areas “where we have something special,” including underwriting ...