TTIH Insurance Holdings is an independent insurance brokerage that originated as the insurance arm of a bank (BB&T) and later became fully standalone after Truist Financial sold its stake to Stone Point Capital and CD&R. It provides insurance brokerage services to help clients manage risk and obtain coverage, and it operates with a focus on growth, technology, and talent outside banking regulatory constraints. TIH differentiates itself from competitors by its independence from banking controls, enabling it to pursue growth strategies with a board including industry leaders such as Dan Glaser, and by leveraging equity co-investor participation (over 1,500 employee investors) to align incentives and accelerate investment in people, technology, and geographic expansion. Its goal is to become a more agile, specialized insurance broker that can compete more aggressively in the evolving insurance market while investing in its platform and talent.”} {
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Industries
Company Size
201-500
Company Stage
Acquired
Total Funding
$12B
Headquarters
Charlotte, NC
Founded
1922
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Total Funding
$12B
Above
Industry Average
Funded Over
1 Rounds
Truist Financial Corporation has completed the sale of Truist Insurance Holdings to an investor group led by Stone Point Capital and Clayton, Dubilier & Rice (CD&R), with participation from Mubadala Investment Company. The all-cash deal values TIH at $15.5 billion. The transaction allows over 1,500 employees to co-invest in TIH. Dan Glaser is appointed Chairman of the new board, featuring top industry executives.
Stone Point Capital and Mubadala acquired Truist Insurance Holdings last year in a $1.95 billion deal.
The deal, which is expected to close during the second quarter of this year, is valued at $15.5 billion.
Truist announced that it has reached a definitive agreement to sell its remaining stake in. Truist Insurance Holdings, <i class="fa fa-info-circle company-popover" data-content="h3Truist Insurance Holdings/h3. div
TIH will also have additional resources to invest in cutting-edge technology and develop new products and services, offering even greater value to clients.
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Industries
Company Size
201-500
Company Stage
Acquired
Total Funding
$12B
Headquarters
Charlotte, NC
Founded
1922
Find jobs on Simplify and start your career today
We update TIH's jobs every few hours, so check again soon!Browse all jobs