TIH organic growth slows to 6.3% as Truist parent remains coy on divestment

Published: Thu 19 Oct 2023

Truist chairman and CEO Bill Rogers declined to comment on reports that the bank is set to fully divest of its insurance operations, but said the sale of 20 percent of the business to Stone Point and independence readiness work that will cost $55mn this year has provided “financial and strategic flexibility”.