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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...
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