Glaser named Truist Insurance chair as $15.5bn Stone Point-CD&R sale closes
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Glaser named Truist Insurance chair as $15.5bn Stone Point-CD&R sale closes

The $15.5bn price tag equates to around 18x the company’s 2023 core Ebitda.

By Rachel Dalton
May 07, 2024
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Truist logo boardroom.jpg

Truist Financial Corporation (TFC) today announced the completion of the $15.5bn sale of its stake in TIH to an investor group led by Stone Point and CD&R and including Mubadala Investment Company.

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