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Truist nears sale of insurance arm to Stone Point, CD&R

The sale could be announced this week

Bloomberg NewsbyBloomberg News
February 20, 2024
in Banking
Reading Time: 1 min read
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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 […]

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