“Our office is available 24 hours, 7 Days a week. Post Coronavirus, we mainly operate remotely and we are available in our office by appointment. We have several representatives available to take care of your needs however we understand the need to sometimes come into our place of business in order for you to meet with one of our Protection Specialists and discuss your concerns. We highly value the person to person relationship and are readily available to meet with you in person”.
888-995-6019 Office No Ext. 813-995-6013 x 101 Direct.
Email: info@centurioninsuranceafs.com

Truist Nears Sale of Insurance Arm to Stone Point, CD&R *Centurion Insurance AFS*

Feb 20, 2024 (0) comment , , , , , , , , ,


Truist Financial Corp. is nearing a deal to sell a majority stake in its insurance brokerage business to Stone Point Capital and Clayton Dubilier & Rice, people familiar with the matter said.

The sale of the stake in Truist Insurance Holdings could be announced as soon as this week, according to the people, who asked not to be identified discussing confidential information. The deal could value the asset at about $15 billion, they said.

While discussions are advanced, they may be delayed or falter, the people said. Talks about a deal were reported earlier by Insurance Insider and Semafor.

A representative for Truist Financial declined to comment, while spokespeople for Stone Point and CD&R didn’t immediately respond to requests for comment.

Last year, Truist agreed to sell 20% of the insurance business to a group led by Stone Point.

Photograph: A Truist Financial bank branch in Miami, Florida, US, on Thursday, June 15, 2023. Photo credit: Scott McIntyre/Bloomberg

Copyright 2024 Bloomberg.

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