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Truist restructuring wholesale operations

Posted On: Dec. 5, 2023 12:41 PM CST

Neil Kessler Bill Goldstein

Truist Insurance Holdings LLC said Tuesday it is restructuring its wholesale operations into two divisions, wholesale and underwriting, effective Jan. 1.

The Charlotte, North Carolina-based broker said the new wholesale division will include the company’s CRC Commercial Solutions businesses, including CRC Brokerage, CRC Binding and Tapco, and its life, retirement and benefits businesses, including BenefitMall, Crump and Hanleigh. 

The underwriting division will include Starwin, AmRisc Group, JH Blades and Ethos.

Truist said there will be no changes to any underlying operating brand names or leadership teams for these businesses.

In conjunction with the restructuring, Neil Kessler will serve as the wholesale division’s CEO and Bill Goldstein will become the underwriting division’s CEO.

Both will continue to report to Dave Obenauer, who is Truist Insurance Holding’s vice chairman and president. Crum Life Insurance Services, which is part of the TIH wholesale division, will also continue to report directly to Mr. Obenauer.

Truist ranked as the eighth-largest U.S. broker, according to Business Insurance’s 2023 ranking.