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 the creation of a new insurance services Division, which will include not only the combined KV organization but also its premium finance business, which is marketed through its AFCO brand in the U.S. and CAFO brand in Canada.
John Howard, chairman and CEO of Truist, said: “We’re excited about how our expanded title insurance business and our new division allow us to deliver on our purpose of inspiring and building better lives and communities.”
The newly combined KV business will be led by Brian Cooper and Jarett Fein, currently co-chief executive officers of KV. Barbara Jones, title insurance manager at BridgeTrust, will delay a previously planned retirement until year-end to support the transition. Additional KV leadership announcements will follow as the business integrates into Truist Insurance.
There are no changes to the premium finance organization and leadership as part of its transition to the new insurance services Division.