Sunstar Insurance Group Acquires Simmons Bank P&C Insurance Business
September 5, 2017
Simmons Bank has sold its property and casualty (P&C) insurance business to Sunstar Insurance Group LLC. The deal transfers Simmons' P&C accounts to Memphis-based Sunstar, expanding Sunstar's footprint in Arkansas and Tennessee while Simmons retains life, health and employee benefits services within its wealth management business.
- Buyers
- Sunstar Insurance Group LLC
- Targets
- Simmons Bank property and casualty insurance business
- Sellers
- Simmons Bank
- Industry
- Insurance
- Location
- Arkansas, United States
- Transaction Type
- Divestiture
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