Truist Insurance Holdings to Acquire Kensington Vanguard National Land Services | News

CHARLOTTE, North Carolina, February 8, 2022 /PRNewswire/ — Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation and the sixth largest insurance brokerage in the United States, today announced that it has signed a definitive agreement to acquire Kensington Vanguard National Land Services, one of the nation’s largest independent full-service title insurance agencies.

The transaction significantly expands Truist Insurance Holdings’ presence in the title insurance market. Truist’s existing title operation, BridgeTrust Title, will be integrated into the Kensington Vanguard platform.

“Kensington Vanguard has grown significantly over the past 15 years through a successful strategy based on geographic expansion, talent recruitment and acquisitions,” said John Howard, chairman and CEO of Truist Insurance Holdings. “His industry-leading expertise in the commercial and residential titles industries will enable us to offer title and real estate services across the market. The combined business will be one of the largest full-service real estate services agencies for United States”

The transaction is expected to close later in the first quarter. Terms of the sale were not disclosed.

About Truist Insurance Holdings

Truist Insurance Holdings, Inc., the sixth largest insurance broker in the United States and seventh in the world, is a subsidiary of Truist Financial Corporation (NYSE: TFC). Based at Charlotte, North Carolina, Truist Insurance Holdings operates more than 240 offices through its subsidiaries: McGriff Insurance Services, Inc.; CRC Insurance Services, Inc.; Crump Life Insurance Services, Inc.; AmRisc, LLC; and its premium finance companies (AFCO Credit Corporation, Prime Rate Premium Finance Corporation, Inc. and CAFO Inc.). To learn more, visit www.truistassurance.com.

About Kensington Vanguard National Land Services

Kensington Vanguard National Land Services, LLC, headquartered in New York, has offices in Arizona, Florida, New Jersey, Virginia and Texas. It is one of the largest full-service national title insurance and settlement agencies in the United States. Founded in 2002, Kensington Vanguard provides commercial and residential title insurance, settlement, escrow and 1031 exchange services. After a strategic investment by private equity firm Stone Point Capital in 2016, Kensington Vanguard continued to be a consolidator driven by industry leadership and financial strength. To learn more about Kensington Vanguard, visit www.kvnational.com.

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SOURCE Truist Financial Corporation

Gregory M. Roy