BB&T Insurance Services said it has acquired Hilton HeadIsland, S.C.-based Carswell Insurance Services. Terms of the dealwere not released.
|Founded in 1958, Carswell provides commercial and personalproperty-casualty coverage as well as group benefits insurance tothe regions coastal area. In addition to its main office on HiltonHead Island, Carswell also has an office in nearby Bluffton,S.C.
|Wade Reece, president of BB&T Insurance Services, asubsidiary of Winston-Salem, N.C.-based banking institutionBB&T Corp., said the brokerage firm has been waiting for anopportunity to expand into the greater Hilton Head and Carswellfits with those plans.
|The transaction is expected to be completed in early July. Theagency will keep its staff of 45 employees, BB&T said.
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