Truist Financial completed the acquisition of Wellington Risk Holdings.

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.