BB&T completes Swett & Crawford acquisition

BB&T has completed its acquisition of Swett & Crawford for
$500mn in cash in a move it expects to add more than $200mn in
annual revenue.
As previously reported, the transaction does not include the
wholesale broker's non-US business, which accounts for less
than 5 percent of its total revenue and will remain with former
parent Cooper Gay Swett & Crawford.
Swett & Crawford will operate as part of BB&T's
wholesale P&C broker and MGA business CRC Insurance
Services.
The...