Truist agreed to sell a 20% stake in Truist Insurance Holdings to funds managed by private equity firm Stone Point Capital for $1.95 billion.
Norma Kuntz will be appointed CEO of Gordon Brothers, effective Feb. 13, 2023. Ken Frieze, the company’s current CEO, and Michael Frieze, the current chairman, will continue to serve the company as chairman and chairman emeritus, respectively.
Stone Point Capital and R. Seelaus partnered to create Seelaus Financial. Seelaus Financial says it will be the first women-owned platform capable of underwriting, structuring, arranging and distributing leveraged loans on a committed and best-efforts basis.