Truist to sell 20% stake in insurance unit to Stone Point Capital

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Reinsurance News - Feb 16, 2023

Truist has announced that it has agreed to sell a 20% stake in Truist Insurance Holdings, Inc., a subsidiary of Truist and the sixth-largest insurance brokerage in the US, to funds managed by Stone Point Capital, a private equity firm focused on the global financial services industry, for $1.95 bill...

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