February 8, 2022
On February 8, Willkie client Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation, announced that it signed a definitive agreement to acquire Kensington Vanguard National Land Services, one of the nation's largest independent full-service national title insurance agencies.
The transaction significantly expands Truist Insurance Holdings' presence in the title insurance market. Truist's existing title operation, BridgeTrust Title, will be integrated into the Kensington Vanguard platform.
Headquartered in Charlotte, NC, Truist Insurance Holdings is the sixth-largest insurance brokerage in the U.S., operating more than 240 offices through its subsidiaries: McGriff Insurance Services, Inc.; CRC Insurance Services, Inc.; Crump Life Insurance Services, Inc.; AmRisc, LLC; and its Insurance Services companies (AFCO Credit Corporation, CAFO Inc., and Kensington Vanguard Land Services, LLC).
Kensington Vanguard National Land Services, LLC, headquartered in New York City, has offices in Arizona, Florida, New Jersey, Virginia, and Texas. It is one of the largest full-service national title insurance and settlement agencies in the U.S.
Willkie previously advised Truist Insurance Holdings in its acquisitions of Constellation Affiliated Partners, Wellington Risk Holdings, Inc., BenefitMall and BankDirect Capital Finance LLC.
The Willkie team was led by partners Gregory Astrachan and Sean Ewen and included associates Tyler Born and Emily Tu.
