Truist Insurance Holdings

What Truist Insurance Holdings does

Truist Insurance Holdings is the sixth-largest insurance brokerage in the United States and a wholesale and specialty insurance distribution platform, operating primarily through its CRC Group subsidiary. Founded in 1922 and headquartered in Charlotte, NC, the firm employs more than 10,000 people and was originally a subsidiary of Truist Financial Corporation before being taken private in 2024-2025 by a consortium led by Clayton, Dubilier & Rice, Stone Point Capital, and Mubadala Investment for $12.4 billion. CRC Group, the principal operating subsidiary, is the largest independent pure-play wholesale and specialty insurance distributor in the country, placing over $33 billion in annual premium with more than 650 carrier partners across the United States and Canada through a 6,000+ person team.

Name

Truist Insurance Holdings

Legal name

Truist Insurance Holdings

Website

https://truistinsurance.com

Company type

Private

Founded year

1922

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Truist Insurance Holdings is the sixth-largest US insurance brokerage, operating through CRC Group to distribute wholesale and specialty insurance across property, casualty, and benefits lines, placing $33+ billion in annual premium with 650+ carrier partners.

Ownership category

akta.pro rank

Product category

Wholesale Insurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Commercial General Liability (CGL) (FSAJADAA), Commercial Lines P&C Reinsurance (FSAOABAB)

Keywords

• Wholesale insurance brokerage
• Specialty insurance distribution
• Employee benefits brokerage
• Property casualty insurance
• Title insurance services

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Core offering

Truist Insurance Holdings operates as a wholesale and specialty insurance distributor primarily through its CRC Group subsidiary, placing over $33 billion in annual premium with more than 650 carrier partners. Its core offerings span wholesale property and casualty brokerage (CRC Specialty), employee benefits brokerage (CRC Benefits), and specialty underwriting capacity through subsidiaries such as Starwind, AmRisc, Atrium, and Euclid Transactional. The company also provides national land services and title insurance through its Kensington Vanguard subsidiary.

Product overview

Truist Insurance Holdings operates primarily through its CRC Group subsidiary, a leading independent wholesale and specialty insurance distributor. The portfolio consists of three core divisions: CRC Specialty (wholesale brokerage for property and casualty insurance), CRC Benefits (employee benefits brokerage), and CRC Underwriting (a platform of specialized underwriting subsidiaries including Starwind, AmRisc, Atrium, and Euclid Transactional). Supporting these core operations are proprietary tools including the REDY Index for market analytics and CRC Quick Quotes for digital policy binding. The company also holds Kensington Vanguard, a national land services business acquired by Truist. With $33 billion in annual premium placement and partnerships across 650+ carriers, the organization serves as a wholesale intermediary between retail brokers, agents, and insurance carriers.

Differentiator

Problem solved

Functional benefit

Brands

• CRC Group: A leading, independent pure-play wholesale and specialty insurance distributor that places over $33 billion in annual premium with offices across the US and Canada.
• CRC Benefits
• Kensington Vanguard

Products and services

• CRC Specialty Wholesale specialty insurance brokerage offering property and casualty (P+C) products and industry-specific coverage across multiple sectors, including exclusive programs through Insurisk: Exclusives and Argenia. Serves retail insurance brokers and agents placing specialty and E&S lines business.
• CRC Benefits Employee benefits insurance brokerage providing solutions for employer-sponsored benefit programs, including group health, welfare, and ancillary benefits.
• CRC Underwriting Wholesale underwriting platform comprising multiple underwriting subsidiaries (Starwind, AmRisc, Atrium, and Euclid Transactional) that provide specialty underwriting capacity to retail brokers and agents.
• Kensington Vanguard National Land Services National land services company providing title insurance, real estate settlement services, and related land-related services.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Kensington Vanguard National Land ServicescoreStrategic or Co-development PartnerTruist Insurance acquired Kensington Vanguard National Land Services, a national land services company, as part of its strategy to expand its insurance and related services capabilities. The acquisition expanded Truist's presence in the title insurance and land services market.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Aon plc: Global professional services firm offering insurance brokerage, reinsurance, and human capital consulting; overlapping client base and product suite with Truist Insurance Holdings but at much greater scale and with global reach.
• Marsh McLennan: Global insurance brokerage and risk advisory leader (parent of Marsh and Guy Carpenter) operating across retail, wholesale, reinsurance, and consulting; comparable as the dominant incumbent in the same insurance brokerage space Truist Insurance Holdings occupies, but with vastly broader scope.
• Willis Towers Watson: Global advisory, insurance brokerage, and reinsurance firm serving large commercial and specialty clients; competes with Truist Insurance Holdings in specialty and benefits lines but operates at significantly larger scale.

Direct peers

• USI Insurance Services: Middle-market-focused insurance brokerage and consulting firm owned by KKR and CD&R; comparable to Truist Insurance Holdings with overlapping specialty, commercial, and benefits brokerage offerings.
• Hub International: North American insurance brokerage owned by Hellman & Friedman with comparable specialty, commercial, and benefits offerings; a directly comparable peer with similar PE-backed growth profile.
• Brown & Brown, Inc. US-focused insurance brokerage growing aggressively through acquisitions, with material specialty and wholesale operations; highly comparable to Truist Insurance Holdings in business mix and roll-up strategy.
• Acrisure: Fast-growing PE-backed insurance brokerage with heavy specialty and wholesale emphasis; directly comparable in business model and PE-ownership context to Truist Insurance Holdings.
• Alliant Insurance Services: US-focused specialty insurance brokerage and consulting firm growing through M&A; closely comparable business mix and target customer base to Truist Insurance Holdings' CRC Specialty division.
• Lockton Companies: Largest privately held insurance brokerage in the US with strong specialty and commercial practice; closely comparable to Truist Insurance Holdings in private ownership structure and specialty distribution focus.
• Arthur J. Gallagher & Co. Large publicly traded insurance brokerage and risk management services firm with significant wholesale and specialty operations; directly comparable business model and customer overlap to Truist Insurance Holdings' CRC Specialty division.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/crc-insurance-services-inc-

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Truist Insurance Holdings