Renasant Announces Sale of Renasant Insurance to Sunstar Insurance Group

Core Insights - Renasant Insurance has been sold to Sunstar Insurance Group, rebranding as "Sunstar Insurance Services" while retaining all current leadership and employees [1][5][6] - The acquisition marks Sunstar's strategic entry into Mississippi, enhancing its regional presence as a leading insurance broker with over $1.2 billion in premiums placed [2][5] - Renasant will maintain a strategic relationship with Sunstar, allowing its banking customers access to Sunstar's insurance and employee benefits products [3] Company Overview - Sunstar is based in Memphis, Tennessee, and is recognized as the 33rd largest independent insurance agency in the U.S., operating over 50 offices across six states [2] - Renasant Corporation, the parent company of Renasant Bank, has approximately $17.3 billion in assets and operates 185 financial service offices throughout the Southeast [7] Leadership and Future Outlook - Sunstar's leadership team believes that the integration will allow for enhanced service offerings to both current and future customers [2][6] - Renasant's CEO emphasized the opportunity for customers and employees to benefit from Sunstar's specialized resources and expertise [6]