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Tag: Stone Point

Truist to Focus on Banking with $15.5B Insurance Brokerage Business Sale

Truist Bank data breach

Truist Financial agreed to sell the remaining stake in its insurance brokerage business to an investor group on Tuesday, in a deal valued at $15.5 billion, as it looks to strengthen its core banking business to cope with potentially tougher capital rules.

Published February 20, 2024
Categorized as Show on Homepage Tagged CD&R, insurance brokerage sale, Stone Point, Truist Financial

Report: Truist in Talks to Sell Insurance Business for $10B

Truist Bank data breach

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.

Published October 10, 2023
Categorized as Show on Homepage Tagged insurance M&A, Stone Point, Truist Financial
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