Truist Insurance Holdings News

Truist Acquires Premium Finance Firm From Bank Holding Company

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 Capital Bancshares. BankDirect will now become …

Truist Opens Insurance Services Unit with Close of Kensington Title Agency Acquisition

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 existing title and settlement services business, will be integrated into …

Truist/CRC Adds Major Wholesale Insurance Clout with Constellation Acquisition

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 (MGAs) and program managers. The transaction, first announced in May, will add …

Truist Acquires Constellation Affiliated Partners Wholesaler Platform With 7 MGAs

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 …

Truist on Track for 5 Acquisitions to Boost Its Wholesale Insurance Business

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 of these transactions is the acquisition of Wellington Risk …

North Carolina-Based BB&T Rebrands as Truist Insurance Holdings

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 insurance broker in the U.S. and sixth-largest in …