Truist Financial Corp.’s massive sale of its remaining insurance business stands out as a response to impending heightened capital requirements and a potential bellwether as surging insurance valuations continue to entice US banks to cash out.
Tag: capital
Guy Carpenter Sees Strong Jan. 1 Renewals as Reinsurance Capital Rose 12%
Reinsurers deployed 12% more traditional capital in the run-up to Jan. 1 renewals as the market responded well, with reinsurers maintaining pricing and underwriting discipline, according to reinsurance broker Guy Carpenter.