BB&T Insurance Holdings has agreed to increase its partnership in AmRisc, the largest catastrophe-focused Managing General Agent (MGA) in the US. In a related agreement, BB&T Corporation has agreed to sell American Coastal Insurance Company (ACIC) to certain members of the AmRisc management team.
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AmRisc, BB&T, MGA, AmRisc, Demotech, ACIC, Dan Peed,