Breaking News: BB&T to Acquire Wholesaler Crump Group Units

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February 3, 2012 Breaking News Alert BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group Read the full story North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570 million in cash for Crump Property/Casualty Insurance Services and Crump Life Insurance Services, along with the rights to the Crump name. John Howard, CEO of Crump Group, will also join BB&T insurance operations in a senior leadership position reporting to Wade Reece, CEO of BB&T's insurance division. Read the full story Send to a Friend Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Publishing, Inc.