BB&T Insurance Services, an insurance broker, will expand its California operations with the acquisition of Liberty Benefit Insurance Services. BB&T says Liberty will operate as BB&T-Liberty Benefit Insurance Services, an employee benefits broker. The acquisition adds 25 employees to BB&T Insurance Services and is expected to be completed October 1.
BB&T says Liberty partners with large commercial clients in the San Francisco Bay Area to help them manage rising health-care costs, changing regulations and complex benefits administration. BB&T entered the state in June 2008 with its acquisition of UnionBanc Insurance Services, and currently operates California agencies in Folsom, Fullerton, Glendale, Irvine, Pleasanton, San Diego and San Francisco.
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