A division of BB&T Corp. plans to purchase the U.S. premium finance operations of Aon Corp. brokerage. Financial terms were not released.
Winston-Salem, N.C.-based bank BB&T's AFCO Credit Corp. said it plans to buy the U.S. operations of Cananwill, an international premium finance business owned by Chicago-based Aon. The deal is expected to be completed by the end of the first quarter, AFCO said.
AFCO is the primary insurance premium finance subsidiary of BB&T, which also owns BB&T Insurance Services, an insurance brokerage firm based in Raleigh, N.C.
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