CRC To Buy Southern Cross Underwriters
NU Online News Service, May 12, 10:12 a.m.?EDT?Wholesale insurance broker CRC Insurance Services Inc. announced its plans to buy the Jackson, Miss.-based wholesaler Southern Cross Underwriters Inc.
CRC, a subsidiary of Winston-Salem, N.C.-based BB&T Corp., a bank with $79.6 billion in assets, said it expects to complete the transaction in July. Once completed, Southern Cross will operate as a division of CRC.
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