Law360, New York (February 03, 2012, 11:52 AM ET) -- Financial services firm BB&T Corp. has reached a deal to pay $570 million for the life and property and casualty divisions of insurance services company Crump Group Inc., a move North Carolina-based BB&T said Friday would add $300 million in yearly revenue to its insurance operations.
BB&T, headquartered in Winston-Salem, N.C., will fold the two insurance operations into its own insurance division, which already includes property and casualty broker CRC Insurance Services, managing general agent Southern Cross TAPCO Underwriters, and managing general underwriter AmRisc LLP....
Moore Helps BB&T Buy Crump Insurance Units For $570M
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