RNST - Renasant Announces Sale of Renasant Insurance to Sunstar Insurance Group | Benzinga
TUPELO, Miss., July 02, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE:RNST) announced today that it has sold the assets of Renasant Insurance, Inc. to Sunstar Insurance Group, LLC ("Sunstar") effective as of July 1, 2024.
Sunstar is a regionally focused, industry leading insurance broker, risk management consultant and provider of employee benefits coverages and other human capital solutions based in Memphis, Tennessee. With more than $1.2 billion in premiums placed, Sunstar is ranked as the 33rd largest independent insurance agency in the country. Sunstar's 700+ partners and employees operate from more than 50 offices in six states across the Southeast and Lower Midwest. The acquisition of Renasant Insurance, Inc. represents Sunstar's strategic entry into the State of Mississippi.
Now a part of Sunstar, Renasant Insurance will rebrand itself as "Sunstar Insurance Services." All current Renasant Insurance leadership and employees have joined Sunstar, and all Renasant Insurance locations will remain open following this transaction.
"This transaction provides a great opportunity for both ...