Truist
-
The executive argued that his prior role at McGriff is hugely different from his new position at Alliant. -
The organic revenue number beat CEO Kelly King’s projections from this past summer, when he said the company expected high-single-digit third-quarter growth.
-
Current group CEO Kelly King will become executive chairman and president William Rogers prepares to take chief executive role.
-
Henson joined the team at Truist through the merger and had a long career in multiple senior roles at BB&T.
-
The broker provided an optimistic growth outlook as pricing momentum slows.
-
The company posted monumental Q2 growth of 15%, in what Kelly called "fundamentally the best quarter I have seen in this business in my career"
-
New business was up by 25% in the quarter and Ebitda margins expanded by 380 bps.
-
Inside P&C revealed last month that Constellation had been put up for sale by its private equity owners RedBird Capital, in a process run by Evercore.
-
The broker touted new business growth of 12.8%, improved cross-selling and stable rates at 7% from Q4.
-
Truist open to M&A opportunities in the coming year.
-
The intermediary said that rate increases were “comparable or slightly up” versus prior periods in Q1.
-
The broker’s 5% organic growth was flattish versus Q3 but management’s tone pointed to more bullishness on the operating environment and the economy.
Related
-
Marsh-McGriff: Betting big on MMA as a mid-market consolidator
October 04, 2024 -
McGriff for sale: The last step to unleash a third force in wholesale
September 05, 2024 -
TIH working on $7bn+ McGriff divestiture to strategics
September 03, 2024 -
CRC rebuilding M&A pipeline after going private: Kessler
August 28, 2024