Truist
-
The executive declined to comment on Truist Insurance sale reports but said the firm is constantly assessing all its options. -
Inside P&C has independently confirmed that the bank is working on a full sale of its insurance operation amid a challenging banking environment.
-
The private equity house already owns 20% of Truist’s insurance business following a deal earlier this year.
-
Inside P&C’s news team runs you through the key highlights of the week.
-
In a recent report titled “TFC: Primed for activist”, Wells Fargo notes investor discontent and lists pressing issues to be addressed at Truist.
-
The firm’s interim CEO Ami Barlev has argued that, with Vesttoo’s weekly expenses being $360,000, freezing assets above $1m would be “catastrophic for the company”.
-
The Inside P&C news team runs you through the earnings results for the day.
-
John Howard, CEO and chairman of Truist Insurance Holdings, noted that the response to its minority sale to Stone Point had been “very positive”.
-
Organic growth fell 90 basis points from 5.6% in Q4 2022 due to carrier capacity constraints and slower growth in wholesale.
-
The sale represents an aggregate value of $14.75bn and increases Truist's common equity Tier 1 ratio by approximately 30 basis points.
-
Inside P&C’s news team runs you through the key highlights of the week.
-
Management of the insurance broking business should seek to seize the opportunities of independence with both hands.
Related
-
Marsh-McGriff: Betting big on MMA as a mid-market consolidator
October 04, 2024 -
McGriff for sale: The last step to unleash a third force in wholesale
September 05, 2024 -
TIH working on $7bn+ McGriff divestiture to strategics
September 03, 2024 -
CRC rebuilding M&A pipeline after going private: Kessler
August 28, 2024