Latest Bbt Headlines
All the headlines from our Bbt Topic Page, ordered by recency.
Marsh McLennan Completes $7.75B Buy of McGriff Insurance Services
Nov 18 2024 // Marsh McLennan said Friday it has completed the $7.75 billion acquisition of McGriff Insurance Services. The purchase of Charlotte, North Carolina-based McGriff, founded in 1886, adds to Marsh McLennan’s position as...
Truist Finishes Insurance Subsidiary Sale; Broker Rebrands as TIH, Names All-Star Board
May 7 2024 // Truist Financial Corporation today said it completed the previously announced sale of its remaining stake in Truist Insurance Holdings, the fifth largest insurance brokerage in the United States, to an investor group led...
Truist Agrees to Sell Rest of Insurance Arm to Stone Point, CD&R
Feb 20 2024 // Truist Financial Corp. agreed to sell a majority stake in its insurance brokerage business to a group led by Stone Point Capital and Clayton Dubilier & Rice. The all-cash transaction values Truist Insurance Holdings at...
Truist in Talks to Sell Insurance Business for $10 Billion: Report
Oct 10 2023 // Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter. The potential...
Stone Point to Acquire Stake in Truist Insurance for Nearly $2B
Feb 16 2023 // Truist today said it has agreed to sell a 20% stake its insurance brokerage business to private equity firm Stone Point Capital for $1.95 billion. Mubadala Investment Company and other co-investors are participating with...
Truist Acquires Premium Finance Firm From Bank Holding Company
Sep 7 2022 // Truist Insurance Holdings Inc., one of the largest U.S. brokerages and a part of Truist Financial Corp., announced that it has agreed to acquire the national premium finance company BankDirect Capital Finance from Texas...
Truist Buys Texas-based BenefitMall
Aug 9 2022 // Charlotte-based Truist Insurance Holdings, one of the largest insurance brokerages in the United States, has agreed to acquire BenefitMall, the country’s largest wholesale benefits general agency. Truist officials...
Truist Opens Insurance Services Unit with Close of Kensington Title Agency Acquisition
Mar 3 2022 // Insurance broker Truist Insurance Holdings, Inc. reports it has closed on the acquisition of Kensington Vanguard National Land Services (KV), a national title insurance agency. BridgeTrust Title Group, the company’s...
Business Moves
Feb 21 2022 // East Truist Insurance, Kensington Vanguard Charlotte, North Carolina-based Insurance broker Truist Insurance Holdings Inc. agreed to acquire the national title insurance agency Kensington Vanguard National Land Services....
Truist Insurance to Acquire Title Insurance Agency Kensington Vanguard
Feb 9 2022 // Charlotte, North Carolina-based Insurance broker Truist Insurance Holdings, Inc. reports it has agreed to acquire the national title insurance agency Kensington Vanguard National Land Services. The transaction expands...
Truist/CRC Adds Major Wholesale Insurance Clout with Constellation Acquisition
Jul 6 2021 // Truist Insurance Holdings and its wholesale insurance subsidiary CRC Group have closed on the acquisition of Constellation Affiliated Partners, an insurance distribution platform operating seven managing general agents...
Truist Acquires Constellation Affiliated Partners Wholesaler Platform With 7 MGAs
May 24 2021 // 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’...
Truist on Track for 5 Acquisitions to Boost Its Wholesale Insurance Business
Dec 7 2020 // Charlotte, N.C.-based Truist Insurance Holdings reported that it will complete five insurance acquisitions this quarter, adding more than $100 million of combined annual revenue to its wholesale division. The most recent...
After Helping Shepherd Pandemic Loans, Banks Now Brace for Regulatory Risks
Oct 21 2020 // Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the...
McGriff to Consolidate South Florida Operations, Open Additional Branches
Aug 4 2020 // Insurance broker McGriff will expand its southeastern Florida operations with a new headquarters office in Coral Gables and the opening of branch locations in Fort Lauderdale and Weston later this year. The move to a...
North Carolina-Based BB&T Rebrands as Truist Insurance Holdings
Jun 30 2020 // BB&T Insurance Holdings, Inc., a subsidiary of Truist Bank, is officially now doing business as Truist Insurance Holdings, Inc. With $30 billion in premium in 2019, Truist Insurance Holdings is the fifth-largest...
People & Places
Jun 15 2020 // National Everest Insurance announced changes to the Commercial Casualty leadership team. Four underwriters across the country have been appointed leaders for the Northeast, South, Midwest and Southwest regions. Frank Engle...
Retail Subsidiaries of BB&T Rebrand as McGriff, Maintain North Carolina Headquarters
May 27 2020 // McGriff Insurance Services, Inc., and McGriff, Seibels & Williams, Inc., the retail insurance subsidiaries of BB&T Insurance Holdings, have rebranded their businesses to McGriff. The company said in a statement the...
McGriff Insurance Services Hires Cabrera as National Pharmacy Practice Leader in Florida
Apr 27 2020 // McGriff Insurance Services has added Denise Cabrera to the firm as National Pharmacy Practice leader in Orlando, Fla. Cabrera will develop and drive the strategic direction for McGriff’s Pharmacy Benefit Practice...
Federal Reserve Approves BB&T and SunTrust Banks Merger
Nov 19 2019 // The Federal Reserve Board on Tuesday approved the application by BB&T Corp. of Winston-Salem, North Carolina, to merge with SunTrust Banks, Inc. of Atlanta, Georgia. The merged entity will be called Truist Financial...
