Truist News

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 deal would be the latest …

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 Stone Point in the investment into …