- North Carolina
Wade Reece has announced his plans to retire after 25 years heading BB&T's insurance division.
September 24 -
BB&T (BBT) in Winston-Salem, N.C., has agreed to buy insurance agency Woodbury & Co.
March 27 -
Striking its second deal in less than a week, BB&T Corp.'s insurance unit announced Tuesday that it is expanding into the Baltimore/Washington metropolitan market by acquiring Atlantic Risk Management Corp. of Columbia, Md.
September 27
BB&T in Winston-Salem, N.C., has agreed to acquire a stake in Miller Insurance Services, a Lloyd's market broker.
The $210 billion-asset company's BB&T IHC International unit will buy a 16.9% stake in the wholesale insurance broker from Willis Group Holdings. Financial terms were not disclosed.
Willis Group had acquired 85% of Miller earlier this year.
BB&T said the deal will enhance its insurance arm's overall customer value proposition and offering.
"This investment establishes stronger connectivity with the Lloyd's market and provides greater certainty of high quality access for BB&T Insurance," John Howard, vice chairman and chief executive of the wholesale and specialty division of BB&T Insurance Holdings, said in a news release.
BB&T has grown its insurance group through more than