BB&T Insurance Services said its managing general insurance underwriter AmRisc LP plans to acquire reinsurance broker Savannah Reinsurance Underwriting Management LLC of Stamford, Conn. Terms of the deal were not released.

The acquisition is expected to close in early February.

Savannah Re is owned by Glencoe U.S. Holdings Inc., an indirect wholly owned subsidiary of RenaissanceRe Holding Ltd.

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