Striking its second deal in less than a week,
Founded in 1981, Atlantic Risk Management is an employee benefits broker and a commercial property and casualty insurer with 45 employees. In a news release, Wade Reece, the chairman and chief executive of BB&T Insurance Services, said that the acquisition would help BB&T deepen relationships with its commercial banking clients in the Baltimore/Washington region and "open doors to new clients."
The announcement comes just five days after BB&T said it was
BB&T Insurance Services is the sixth-largest insurance broker in the U.S., operating more than 100 insurance agencies in North Carolina, Virginia, Georgia, South Carolina, Maryland, West Virginia, Tennessee, Florida, Kentucky and California.
This article was reprinted with the permission of