Reinsurance News

Truist

Truist Insurance Holdings acquires Kensington Vanguard

7th March 2022

Truist Insurance Holdings has acquired Kensington Vanguard, in the process launching its new insurance services division. The deal will see BridgeTrust Title Group, Truist Insurance’s current title and settlement services business, be integrated into and operate under the Kensington Vanguard brand. Concurrent with the close of this transaction, Truist Insurance Holdings announced ... Read the full article

Truist reports income growth for insurance segment

15th October 2021

Purpose-driven financial services firm Truist Financial Corporation has reported net income of $105 million for its Insurance Holdings segment in the third quarter of 2021. Although this is lower than the segment's Q2 income of $156 million, it represents an increase of $28 million on the $77 million that it reported ... Read the full article

Truist Financial’s Q2 net income rises to $1.6bn

16th July 2021

Purpose-driven financial services firm Truist Financial Corporation has announced a second quarter net income of $1.6 billion, up 73% compared to last year’s quarter. Results for the quarter also produced an annualised return on average assets (ROA) of 1.28%, an annualised return on average common shareholders' equity of 10.1% and an ... Read the full article

Truist sees rise in net income as insurance segment delivers record performance

15th April 2021

Truist Financial Corporation, a purpose-driven financial services company, has reported net income of $1.3 billion and adjusted net income of $1.6 billion for the first-quarter of 2021, driven in part by the record performance of its insurance operation in the period. Year-on-year, net income and adjusted net income increased by 35.3% ... Read the full article

Truist grows Q1 income, reserves $893mn for COVID-19

20th April 2020

Truist Financial Corp. grew its income by 31.6% to $986 million during the first quarter of 2020, despite merger-related and restructuring charges as well as "discretionary actions" related to the coronavirus (COVID-19) pandemic. The company also added $893 million to its reserves during the quarter to address expected future losses related ... Read the full article