The internal rumor is insurance will be sold completely in 3-4 months to shore up capital position. Has anyone else heard this. This EXEC team does not communicate
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These peach poopers couldn’t buy their way to Chase, but they could spend themselves back to STI.
All of TIH will go. They keep talking about how much money it’ll be and how big they’d be with it sold. Think bigger than Chase.
McGriff will be gone shortly.
Insurance was once a cash cow but, like everything else, McGriff employees that remain or came from SunTrust have lost thousands of accounts by raising rates and not caring about the client. Sound familiar?
That’s the point. It is a cash cow for Truist so will the BOD allow it to be sold off or will they IPO it as a separate company to raise cash?
Insurance division is a cash cow. Bill Roger’s needs cash. He’ll sell it.
Any information on whether back office McGriff employees will be let go?
So about the expansion….just wait. You’ll see.
No chance on selling Leadership Institute with the massive expansion project in flight
Let them eat seeds of hope
Current EL needs to go. Completely incompetent. You can say what you want about KK, but at least he communicated with his employees. Our current team of “Leaders “ hasn’t shown the employees any respect.
KK’s legacy leadership institute will be gifted to Nido and HPU along with an endowment to support it for a few years. Kelly’s legacy then will be destroying three banks and none of his simple man stories can change that, besides, he has almost no sycophants left and NOBODY wants to hear anything he has to say.
What’re we thinking on the insurance front? Fully exit McGriff or we thinking Crump as well? Complete divesture of all insurance LOB’s?
The Holy Shrine of Kelly also known as the "leadership" center will never be sold. It will be donated as a final gesture of Truist benevolent purple purpose.
No one should lose their jobs as long as we have the leadership center. This has nothing to do with banking and is just wasting $$.
No surprise here. Suntrust leadership has decided that insurance is a piggy bank to support their wannabe investment bank strategy. Once insurance is gone it will be a quicker down hill slide to being bought by another bank. Sad what these so called leaders have done in just two years time to the sixth largest bank that is dominant in the hottest markets in the country.
My bet is the complete divesture of Insurance and to also sell the Leadership Institute.