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Amazon be nimble, Amazon be quick
When it comes to building warehouses and distribution centers, one company has sought out Virginia over and over again: Amazon.com Inc. The e-commerce giant began opening facilities in Virginia in 2006 and since then has opened more than 30 facilities in the commonwealth, with more on the way as it seeks to shrink the time […]
FDA moves toward menthol cigarettes ban
The Food and Drug Administration said Thursday that it plans to ban sales of menthol cigarettes, a billion-dollar industry in which Philip Morris USA has a 9.4% market share. Philip Morris USA, a subsidiary of Henrico County-based Altria Group Inc., manufactures Marlboro menthol cigarettes among its other brands, but R.J. Reynolds Tobacco Co.’s Newport cigarettes […]
Hilb Group acquires Vt. insurance agency
Henrico County-based insurance company the Hilb Group LLC announced Thursday it has acquired Vermont-based Paige & Campbell Inc. and its subsidiary the Taylor-Palmer Agency. Financial terms of the transaction were not disclosed. “Paige & Campbell brings a long-standing history of expertise, a reputation of outstanding service and extensive relationships that represent a terrific matc[...]
Atlantic Union reopens corporate offices
John Asbury, president and CEO of Richmond-based Atlantic Union Bankshares, has learned a lot about his employees during the pandemic. Chief among them: Many of them often don’t need to be in the office five days a week to get their work done. But he also knows that some in-office collaboration is key to the […]
Sturtevant to leave Virginia Realtors for Bright MLS
Lisa Sturtevant, chief economist for Glen Allen-based Virginia Realtors, will join Bright MLS in May, Virginia Realtors announced earlier this month. Sturtevant has served as chief economist for the statewide Realtor organization since January 2020 and will continue consulting when she begins her new role. Rockville, Maryland-based Bright MLS is a multiple listing service that […]
Bermuda insurer to establish U.S. HQ in Henrico
Bermuda-based Hamilton Insurance Group Ltd. will invest at least $415,000 to establish the U.S. headquarters of its subsidiary in Henrico County, a project estimated to create more than 70 jobs, Gov. Glenn Youngkin announced Friday. Hamilton’s wholly owned subsidiary, Hamilton Select Insurance Inc., is a commercial insurer that underwrites excess and surplus insurance. “Henrico County [&he[...]
Hilb Group acquires N.J. risk management firm
Henrico County-based insurance company The Hilb Group LLC announced Thursday that it has acquired New Jersey-based E.B. Cohen Insurance and Risk Management. Financial terms of the transaction were not disclosed. “E.B. Cohen aligns perfectly with our strategy for growing among industry leaders — bringing a terrific history of insurance and risk management experience and expertise, […[...]
RIR president to head Henrico sports/entertainment authority
Henrico County officials on Wednesday named longtime Richmond Raceway President Dennis Bickmeier to lead its new sports and entertainment authority. Bickmeier’s last day with the raceway, where he has led for more than a decade, is April 15. He will begin working in his new role on April 18. “With Dennis Bickmeier serving as our executive […]
Capital Square promotes James Brunger to CSO
Henrico-based real estate firm Capital Square has promoted James Brunger to chief sales officer, the firm announced March 17. Brunger joined the firm in 2019 as executive vice president and national sales manager. Under his leadership, Capital Square launched 49 investment programs that have raised more than $1.2 billion in equity. “James Brunger brings an […]
Thermo Fisher Scientific to add 500 jobs in RVA region
Massachusetts-based scientific equipment and software supply company Thermo Fisher Scientific Inc. will invest $97 million to expand its laboratory operations into three new locations in the Greater Richmond area, a project expected to create more than 500 jobs, Gov. Glenn Youngkin announced Monday. “Thermo Fisher’s expanding footprint and creation of more than 500 new jobs […]
In the big leagues
Central Virginia continues to attract pharmaceutical companies, advanced manufacturing sites and distribution centers, with 2021 seeing several major deals from companies that will bring large footprints to the region. Richmond was the leader in the clubhouse, with the city occupying half of the spots on the region’s list of the 10 biggest deals of 2021, […]
Allianz promotes North American CEO to global position
Henrico County-based travel insurance company Allianz Partners USA has promoted CEO Elena Edwards to chief markets officer at the company’s French parent company, Allianz Partners Group. Jeff Wright, the company’s chief financial officer, is succeeding Edwards as CEO of the U.S. business unit. Edwards will retain her position as CEO for North America overseeing the […]
