Renasant sells assets of Renasant Insurance to Sunstar, terms undisclosed

Renasant announced that it has sold the assets of Renasant Insurance to Sunstar Insurance Group effective as of July 1. Sunstar is a regionally focused insurance broker, risk management consultant and provider of employee benefits coverages and other human capital solutions based in Memphis, Tennessee. With more than $1.2 billion in premiums placed, Sunstar is ranked as the 33rd largest independent insurance agency in the country. The acquisition of Renasant Insurance, Inc. represents Sunstar’s strategic entry into the State of Mississippi. All current Renasant Insurance leadership and employees have joined Sunstar, and all Renasant Insurance locations will remain open following this transaction. As part of the transaction, Renasant will maintain a strategic relationship with Sunstar.