"Full Truist Insurance Holdings Sale 'Imminent' With Glaser Set For Major Role" - The Insurer
Portfolio Pulse from Benzinga Newsdesk
The sale of the remaining 80% of Truist Insurance Holdings is imminent, with Stone Point Capital and Clayton Dubilier & Rice expected as investors. Dan Glaser is set for a major role in the parent company of CRC Group, McGriff, and AmRisc post-deal.
February 13, 2024 | 5:23 pm
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Truist Financial Corporation (TFC) is set to sell the remaining 80% of Truist Insurance Holdings, with significant investment firms involved and a notable leadership role for Dan Glaser post-sale.
The sale of a significant portion of Truist Insurance Holdings indicates a strategic move that could potentially unlock value for TFC shareholders. The involvement of reputable investment firms and experienced leadership post-sale suggests a positive outlook for the transaction's success and its impact on TFC's financial positioning.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100