Truist Bank

Truist Bank

Truist Bank is a full service bank provider. Truist provides insurance trust, insurance brokerage, investment management, corporate banking and investment banking services.

Truist Bank
711 Fifth Avenue, 6th Floor
New York, NY 10022


Truist Bank, merger of BB&T and SunTrust, has a long history of escrow, trust, and risk management excellence and expertise, with both domestic and international coverage. We work with large and small clients alike to help mitigate risk for their insurance business needs. Our dedicated reinsurance collateral trust team provides trust services for clients who are looking for collateral posting alternatives to Letters of Credit.

Our reinsurance collateral trust product can help clients with the following insurance needs: Captives, Custody, Catastrophe Bonds, Insurance Linked Securities, Regulation 114, Reinsurance/Collateralized Reinsurance, Surety Bonds, and State Statute trusts.

Truist Bank has experience and expertise in single-parent captives, group captives, risk retention groups, segregated cell–sponsored captives, special purpose captives, insurance-linked securities, and catastrophe bonds.

Truist Bank serves most domiciles within the United States, Bermuda, Cayman Islands, Turks and Caicos, and the US Virgin Islands and currently has offices in Georgia, Illinois, Maryland, New York, Virginia, West Virginia, Tennessee, Florida, Texas, California, Massachusetts, North Carolina, South Carolina, Washington DC, Mississippi, Alabama, and Arkansas.


  • USA
  • Bermuda
  • Cayman Islands
  • Europe
  • Caribbean

Donny Tong
Senior Vice President, Business Development Officer
Donny has 19 years’ experience in the trust banking industry. Donny joined SunTrust, now Truist’s Corporate Trust & Escrow team in 2016. Donny has been building and establishing relationships for Truist within the (re)insurance, ILS, and captive communities in the U.S., Europe, Bermuda, and Cayman Islands markets.

Joseph Monaco
Vice President, Relationship Manager
Joseph specializes in establishing relationships for Truist Bank within the (re)insurance, ILS, and captive communities in the U.S., Europe, Bermuda, and Cayman Islands markets. Joseph joined the bank in 2017. He works with partners such as captive managers, insurance brokers, investors, investment managers, and legal counsel to streamline the process of engaging Truist.

Matthew Hornick
Account Specialist
Matthew has been managing hundreds of accounts for Truist Bank within the (re)insurance, ILS, Captive, and Deductible communities in the U.S., Europe, Bermuda, and Cayman Islands markets. Matthew collaborates with clients on account administration activities.

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