Renasant Announces Sale Of Renasant Insurance To Sunstar Insurance Group Effective As Of July 1, 2024; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Renasant Corporation has announced the sale of Renasant Insurance to Sunstar Insurance Group, effective July 1, 2024. Financial terms of the deal were not disclosed.
July 02, 2024 | 8:02 pm
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Renasant Corporation has sold its insurance division to Sunstar Insurance Group, with the transaction set to be effective from July 1, 2024. The financial terms of the deal were not disclosed.
The sale of Renasant Insurance could allow Renasant Corporation to streamline its operations and potentially focus on its core banking business. This could be viewed positively by investors, leading to a short-term increase in the stock price.
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