Stone Point is pleased to announce our additional investment in Truist Insurance Holdings, LLC, the fifth largest insurance brokerage in the United States. We are thrilled to continue our partnership with the TIH team and look forward to this next chapter of growth. Read the full announcement here: https://lnkd.in/edsws9hn
The agreement for Clayton Dubilier & Rice (CD&R) and Stone Point Capital to acquire Truist Insurance Holdings from Truist is a classic win/win. The transaction provides Truist Insurance Holdings with independence and deepens our strategic focus, while generating significant capital for Truist, enabling it to play offense in its core banking business. Our investment partners at CD&R and Stone Point Capital will help us become a 100% insurance-facing and insurance-focused organization that will deliver innovative insurance solutions to our clients and opportunities to our trading partners and teammates. #insuranceleadership
Congratulations!