Sources close to the matter have confirmed that US bank Truist has entered into exclusive negotiations with private equity firm Stone Point to sell its insurance brokerage subsidiary Truist Insurance Holdings. The deal is valued at 10 billion USD.
Stone Point had already finalized the acquisition of a 20% stake in Truist Insurance Holdings in April 2023.
Read also | Top 15 insurance and reinsurance brokers [4]
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-204-october-2023
[4] https://www.atlas-mag.net/en/article/top-10-brokers-in-insurance-and-reinsurance