Latest Bbt Headlines
All the headlines from our Bbt Topic Page, ordered by recency.
AFCO Credit Corp. to Acquire U.S. Operations of Cananwill
Jan 9 2009 // AFCO Credit Corp. has plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corp. Glenview, Ill.-based Cananwill provides insurance premium financing for commercial property...
BB&T to Acquire Florida’s J. Rolfe Davis Insurance
Dec 19 2008 // BB&T Insurance Services, the nation’s sixth largest insurance broker, reports it plans to acquire J. Rolfe Davis Insurance of Maitland, Fla. Founded in 1942 by former Orlando mayor J. Rolfe Davis, the...
Wholesaler CRC Insurance Acquires Competitor Southern Risk of S.C.
Sep 3 2008 // CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp., reports it has completed a purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus (E&S)...
Business Moves
May 5 2008 // BB&T Insurance Services, Union Bank of California Raleigh, N.C.-based BB&T Insurance Services reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary,...
Business Moves
May 5 2008 // NSM Insurance, Insurex NSM Insurance Group, a national wholesaler and program manager based in Conshocken, Pa., has acquired Insurex, a California-based workers’ compensation brokerage. The acquisition...
Wachovia May Face $1 Billion Charge after U.S. Court Tax Ruling
Apr 30 2008 // Wachovia Corp. expects to take a charge of $800 million to $1 billion in the second quarter because of a federal appeals court decision over the taxation of leveraged lease transactions, the bank said on Wednesday. The...
BB&T Insurance Services To Acquire Union Bank of California Brokerage
Apr 24 2008 // Raleigh, N.C.-based BB&T Insurance Services has reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition...
BB&T Broker McGriff, Seibels & Williams Names Senior VP
Dec 28 2007 // McGriff, Seibels & Williams of Irvine, Calif., a BB&T Co. broker has appointed Timothy J. Mooney senior vice president in its Northern California operations. Mooney has more than 20 years of insurance experience...
N.C.-Based BB&T Insurance Services to Acquire Georgia Agency
Dec 13 2007 // BB&T Insurance Services announced plans to expand its metro Atlanta operation with the acquisition of Ott & Co. of Alpharetta, Ga. Founded in 1978, Ott & Company is a full-service employee benefits brokerage...
Georgia’s BB&T Insurance Services Acquires Sidney O. Smith Inc.
Oct 1 2007 // BB&T Insurance Services announced plans to expand its metro Atlanta and north Georgia operation with the acquisition of Sidney O. Smith Inc. Sidney O. Smith Inc. currently provides commercial and personal property and...
BB&T Insurance Buying Georgia’s Reese Agency
May 30 2007 // BB&T Insurance Services said it plans to expand its metro Atlanta operation with the acquisition of Reese Insurance Associates Inc. of Riverdale, Ga. Reese provides both commercial and personal property and casualty...
Business Moves
Jan 28 2007 // Goldman Sachs, USI Holdings Insurance broker USI Holdings Corp. agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs and Co., in a transaction valued at approximately $1.4 billion,...
BB&T Completes AFCO, CAFO Acquisitions
Jan 3 2007 // BB&T Corporation (NYSE:BBT) subsidiary Branch Banking and Trust Company completed its acquisition of insurance premium finance company AFCO Credit Corporation and its Canadian affiliate, CAFO Inc., from Mellon...
Business Moves
Nov 19 2006 // Hiscox, Bermuda Holding Company London’s Hiscox plc outlined its corporate reorganization plan. A new Bermudan domiciled holding company for the Group, Hiscox Ltd., has been established. Shareholders of Hiscox will...
BB&T Insurance to Acquire Fla. Agency Wyman, Green & Blalcok
Nov 1 2006 // BB&T Insurance Services plans to expand its Florida operation with the acquisition of Wyman, Green & Blalock Inc. of Bradenton. Founded in 1908, Wyman, Green & Blalock specializes in personal and commercial...
BB&T to Acquire Two Mellon-Owned Premium Finance Cos.
Aug 24 2006 // BB&T Corporation principal subsidiary Branch Banking and Trust Company has entered into a purchase agreement to buy insurance premium finance company AFCO Credit Corporation and its Canadian affiliate, CAFO Inc., from...
BB&T to Acquire N.J. Investment Firm
Nov 16 2005 // BB&T Corporation in Winston-Salem, N.C. said it would acquire brokerage and investment banking firm Bergen Capital Inc. Bergen Capital will become part of Richmond, Va.-based Scott & Stringfellow, a wholly owned...
BB&T Consolidates Greensboro, N.C. Insurance Agencies
Sep 16 2005 // BB&T Insurance Services will consolidate two Greensboro operations, BB&T Insurance Services of the Triad and BB&T-Professional Benefits Management, the company announced. The combined BB&T Insurance...
BB&T Eyeing Langan Insurance Agency, Its Fourth Kentucky Acquisition
Nov 26 2004 // The Lousville-based Langan Insurance Agency is being acquired by BB&T Insurance Services of Raleigh, N.C. Lagan has 41 employees. According to Wade Reece, BB&T president, Bill Roby Sr., Langan president and Tom...
CitiGroup, Wells Fargo and BB&T Lead Bank Holding Cos. in Insurance Brokerage Fee Income
Aug 30 2004 // CitiGroup (New York, N.Y.), Wells Fargo & Company (San Francisco, Calif.), and BB&T Corporation (Charlotte, N.C.) lead bank holding companies in insurance brokerage fee income year-to-date through June 30, 2004,...
