Regions: BB&T Insurance Holdings completes purchase of brokerage firm

BB&T Insurance Holdings, a subsidiary of North Carolina-based BB&T Corp. (NYSE: BBT), says it has finished its acquisition of Regions Insurance Group from Regions Financial Corp. (NYSE: RF). Terms were not disclosed. BB&T Insurance Services is the fifth-largest insurance broker in the United States, operating more than 200 offices through its various subsidiaries. Regions Insurance serves more than 60,000 clients across the Southeast, Texas and Indiana. RBC Capital Markets served as financial...