“We’re excited for this collaboration with Stone Level, because the funding demonstrates the numerous worth of Truist Insurance coverage Holdings and strategically positions it, and Truist, for long-term success,” stated Invoice Rogers, chairman and CEO of Truist.
Truist Insurance coverage Holdings will proceed to profit from Truist’s operations, entry to capital and shopper relationships, whereas each Truist and Truist Insurance coverage Holdings will profit from Stone Level’s function as a capital companion, Truist stated.
“At the moment’s announcement is a recognition of the success and high quality of Truist Insurance coverage Holdings’ manufacturers, the trusted relationships we’ve developed with purchasers, and above all, the arduous work and relentless dedication of our teammates,” stated John Howard, chairman and CEO of Truist Insurance coverage Holdings. “We function in a gorgeous, rising and dynamic business wherein scale is crucial to stay aggressive. With Stone Level’s business experience and function as a capital companion, we will probably be strategically positioned for long-term success and progress as we proceed increasing our portfolio and investing in progressive digital options.”
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“Truist Insurance coverage Holdings is a scaled, diversified US retail and wholesale insurance coverage distribution platform that has skilled robust progress each organically and thru a disciplined acquisition technique,” stated Chuck Davis, CEO of Stone Level. “We’ve had a longstanding and mutually useful relationship with Truist for a few years, and we and our co-investors couldn’t be extra excited to companion with them, John and the whole Truist Insurance coverage Holdings workforce in its subsequent part of worthwhile progress.”
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