About Regions Insurance Group
Regions Insurance, based in Memphis, Tennessee, is an insurance broker WITH clients in the Southeast, Texas and Indiana. The company provides property and casualty and employee benefits products to businesses through a retail network of insurance professionals.
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Expert Collections containing Regions Insurance Group
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Regions Insurance Group is included in 1 Expert Collection, including Fortune 500 Investor list.
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Latest Regions Insurance Group News
Apr 25, 2018
Willkie represented BB&T in the transaction BB&T Insurance Holdings, Inc. (has reached an agreement to acquire Regions Insurance Group from Regions Financial Corporation (NYSE: RF). Regions Insurance is a leading insurance broker serving more than 60,000 clients across the Southeast, Texas and Indiana. It offers property and casualty and employee benefits products to businesses through a retail network of insurance professionals. This acquisition adds incremental balance to BB&T’s insurance business between its wholesale and retail insurance channels. Following this acquisition, BB&T Insurance’s retail network will contribute almost half of its insurance brokerage revenue. This transaction is expected to close in the third quarter of 2018, subject to satisfaction of customary closing conditions. Terms were not disclosed. The capital used in this transaction will impact BB&T’s 2018 Comprehensive Capital Analysis and Review. The use of capital in this acquisition exceeds BB&T’s internal rate of return hurdles. RBC Capital Markets served as financial advisor and Willkie Farr & Gallagher LLP served as legal counsel to BB&T with a team including Gregory Astrachan (Picture) and Sean Ewen, and included associates Laura Acker and Annie Heiss.
Regions Insurance Group Frequently Asked Questions (FAQ)
When was Regions Insurance Group founded?
Regions Insurance Group was founded in 1971.
Where is Regions Insurance Group's headquarters?
Regions Insurance Group's headquarters is located at 6000 Poplar Avenue, Memphis.
What is Regions Insurance Group's latest funding round?
Regions Insurance Group's latest funding round is Acquired.
Who are the investors of Regions Insurance Group?
Investors of Regions Insurance Group include BB&T Insurance Holdings.
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