The Financial Post reports in its Thursday edition that 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 company has a competitive edge and has not been crowded by other private equity players. A Bloomberg dispatch to the Post says Brookfield 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, said chief executive officer Bruce Flatt. Brookfield is focused on areas "where we have something special," including underwriting insurance for real estate construction and warehouses. The company wants to expand the property and casualty insurance business, which accounted for just $3.5-billion of equity as of the second quarter to $30-billion to $50-billion in the long run (all figures U.S.).