Truist Insurance Holdings has agreed to acquire Constellation Affiliated Partners from RedBird Capital Partners. The transaction will add approximately $160 million of annual revenue to Truist Insurance Holdings’ wholesale division. Financial terms were not disclosed. Constellation Affiliated Partners is an …
SunTrust Banks and BB&T Corp. announced that both companies’ boards of directors have unanimously agreed to merge the two financial services firms in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest …
During the past 20 to 30 years typical business dealings between wholesale insurance brokers and retail agents have evolved from being purely transactional experiences to those that are highly dependent upon relationships and expertise, according to professionals on both sides …
The recent acquisition of Roseland, N.J.-based insurance wholesaler Crump Group by BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., created one of the largest providers of wholesale commercial insurance brokerage and specialty programs in the …
CRC Insurance Services named Robert Brooks as a property and casualty broker in the company’s Santa Ana, Calif. office. Brooks was previously a broker at RPS/Lemac. Before that worked in various underwriting positions with Safeco, Chubb and Atlantic Mutual. At …
CRC Insurance Services, a wholesale broker headquartered in Birmingham, Ala., hired Kenneth Echols as a casualty broker for the Parsippany, N.J., office. In his new role, Kenneth will focus on helping retail insurance agents in the New York and New …
