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BB&T Insurance Holdings completes acquisition of Regions Insurance Group

BB&T Insurance Holdings Inc., a unit of BB&T Corp., completed its acquisition of Regions Insurance Group Inc. from Regions Financial Corp.

Terms of the deal were not disclosed.

In June, BB&T Insurance Holdings said it was rebranding its retail broker, BB&T Insurance Services Inc., as McGriff Insurance Services, which includes Regions Insurance Group. BB&T Insurance Services of California and BridgeTrust Title were not part of the initial rebranding.

For BB&T, RBC Capital Markets served as financial adviser while Willkie Farr & Gallagher LLP served as legal counsel.