The merged entity will have $1.5tn in assets under management and administration and serve more than 12 million clients.
The company has engaged Deutsche Bank and UBS Group to oversee the possible IPO.
The revised set-up covers areas including E&S carriers, MGAs, MGUs, programme-specific carriers and delegated authority platforms.
The company plans to use the new funding to strengthen sales and marketing as it expands in India’s corporate insurance segment.
