Announced
Completed
Financials
Sources
Tags
United States
insurtech
Single Bidder
Friendly
Insurance Brokers
Completed
Private
Domestic
Majority
Acquisition
Synopsis
Truist Financial, an American bank holding company, completed the acquisition of Wellington Risk Holdings, a Texas-based risk distribution and financial services organization. Financial terms were not disclosed. "Insurance is a key business for Truist, and one we will continue to grow. Delivering insurance solutions to our clients is a core strategy – helping us deepen relationships, diversify our revenue stream, and build better lives and communities," Kelly S. King, Truist Financial Chairman and CEO.
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