Truist

Net profits grew 67% over the quarter to $99mn, as brokerage unit expanded margins by 390 bps.

Inside P&C’s research team examines some of the areas that will be closely watched during the results season.

Truist Insurance Holdings is on an expansion drive, following the merger between BB&T and SunTrust.

Paul Cicerchia, Jamie Sharpe, David Beckley and Jonathan Nigro join the Truist-owned broker.

The private equity house exits the Texan MGA after five years.

Yesterday, Truist Insurance provided its traditional first look at likely trends in the insurance broking sector.

New business was up 8.4% due to an uptick in submissions into the E&S market.

The wholesale broker will continue to be overseen by Laura Beckmann, AmRisc’s president and COO.

Truist Insurance reported its Q2 results providing the first view on broker earnings season, and more broadly, a read on P&C market dynamics.

Banking and insurance chief Christopher Henson flags the rise as the broking group reports a 9.5-point slowdown in year-on-year organic growth.

John Howard says an earlier estimate indicates carriers are under-reserved in casualty by about $100bn.

BB&T’s Q3 reported earnings Thursday again raised expectations for the broker segment as the bank’s insurance unit reported 8.7% organic growth with expanded YoY margins, and higher insurance pricing.