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Best’s News & Research Service subscription required - February 16, 2023 02:12 PM (EST)

Truist Seeks Strategic Insurance Brokerage Advantage Through $1.95 Billion Stone Point Deal

Truist Financial Corp.’s chief executive officer said the company seeks growth and flexibility in the insurance brokerage market as it agreed to sell a 20% stake in Truist Insurance Holdings Inc. . . .

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