Truist Insurance Holdings is splitting its CRC wholesale operations into two distinct divisions – wholesale and underwriting – with the former led by Neil Kessler and the new underwriting division led by Bill Goldstein.
The wholesale division will include TIH’s CRC Commercial Solutions businesses (CRC Brokerage, CRC Binding, and Tapco) and life, retirement, and benefits businesses (BenefitMall, Crump, and Hanleigh). Meanwhile, the underwriting division will include Starwind, AmRisc Group, JH Blades, and Ethos. No changes will apply to any underlying operating brand names or leadership teams for these businesses.
TIH’s new structure
TIH chairman and CEO John Howard said the new structure will enable the company to better serve its clients and carrier partners.
“We’re bringing together businesses with similar operating models, allowing us to achieve efficiency and economies of scale to ensure their continued industry-leading positions. This, in turn, strengthens Truist Insurance’s overall operating strategy, built around a diversified portfolio of top-performing businesses, that many of our peers are seeking to emulate,” Howard said.