Truist Insurance Holdings Inc.
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Truist Insurance Holdings Inc. - overview
Established
1922
Location
Charlotte, NC, US
Primary Industry
Insurance
About
Founded in 1922 and based in North Carolina, US, Truist Insurance Holdings, Inc. offers insurance brokerage services and risk management solutions. In February 2024, a consortium of investors co-led by Stone Point Capital and Clayton Dubilier & Rice, along with Mubadala Investment Company and other cc-investors, agreed to acquire the remaining stake in Truist Insurance Holdings. The transaction was cimpleted in May.
Truist Insurance Holdings offers both retail and wholesale insurance. The firm’s retail division coverages include commercial property and casualty, corporate bonding and surety services, cyber, management liability, captives, and alternative risk transfer programs; small business; employee benefits; title insurance; personal lines; and life and health; as well as offering consultative risk management for personal lines, small business, and corporate clients. The unit’s wholesale division includes data-driven insights and expertise for brokers and insurers across the spectrum of life, property, and casualty risks. The February 2024 acquisition helps the organization to accelerate its next phase of growth.
Current Investors
Stone Point Capital, Mubadala Investment Company, Clayton Dubilier & Rice
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries
Total Amount Raised
Subscriber access only
Truist Insurance Holdings Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Announced | Atrium Underwriting Group Limited | - | ||||||||
| Add-on, Trade Sale | Completed | ARC Excess & Surplus, LLC | - | ||||||||
| Add-on, Corporate Carve Out, Trade Sale | Completed | Crump Life Insurance Services | - | ||||||||
| Add-on, Corporate Carve Out, Trade Sale | Completed | Hanleigh Management LLC | - | ||||||||
| Trade Sale | Completed | McGriff Insurance Services, LLC. | - |
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