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Henrico County

Finance | Insurance 2023: RICHARD G. ‘RICKY’ SPIRO 
Aug 30, 2023

Finance | Insurance 2023: RICHARD G. ‘RICKY’ SPIRO 

When Spiro stepped into the leadership role for Henrico County-based insurance company The Hilb Group, he brought with him more than 30 years of experience in insurance and financial services. Prior to joining Hilb, Spiro served as executive vice president and chief financial officer of property and casualty insurer Chubb. Before that, Spiro was a […]

Aug 30, 2023

Richmond airport sets new travel record

Just two months after shattering its monthly passenger record, Richmond International Airport has done it again. The Capital Region Airport Commission on Wednesday announced that the airport counted 439,951 passengers for July, soaring past a record set in May when the airport counted 431,416 passengers. By comparison, the airport counted 386,931 passengers in July 2019. […]

Aug 28, 2023

Bon Secours sues Anthem for $93M

Health system Bon Secours filed suit against insurer Anthem Health Plans of Virginia Monday in Henrico County Circuit Court, alleging Anthem owes Bon Secours $93 million in unpaid claims. The plaintiffs, collectively titled BSMH Virginia, allege that Anthem Health Plans of Virginia (doing business as Anthem Blue Cross and Blue Shield) failed to pay “in […]

The Shops at Wellesley. Photo courtesy Cushman & Wakefield | Thalhimer
Aug 25, 2023

Henrico shopping center sells for $10.1M

A neighborhood retail center in Henrico County sold for $10.1 million on Aug. 17. Named The Shops at Wellesley, the 42,318-square-foot shopping center is located at 3416-3470 Lauderdale Drive. The center was built in 1992 and occupies a 6.99-acre lot, according to county property records. It was 94% leased at the time of sale with […]

ASM Global to develop, run GreenCity arena in Henrico
Aug 17, 2023

Henrico County, Markel|Eagle acquire land for GreenCity

Henrico County and an affiliate of Markel|Eagle Partners LLC came to an agreement Thursday to purchase the 110-acre Scott Farm property, which will be a key part of the $2.3 billion mixed-use GreenCity development, for $35.1 million. First proposed in December 2020, GreenCity plans to include what is billed as the nation’s greenest arena, with […]

Berkley Mid-Atlantic Group's office in Henrico County.
Aug 10, 2023

Henrico insurer to create 72 jobs in $6.2M expansion

Henrico County-based insurance company Berkley Insurance Co. will invest $6.2 million to expand its office in the county’s Innsbrook area, with plans to create 72 jobs, Gov. Glenn Youngkin announced Thursday. A subsidiary of Connecticut-based Fortune 500 company W. R. Berkley Corp., the firm will lease an additional 8,920 square feet of office space from […]

Retail/Wholesale: POUL WEIHRAUCH
Aug 4, 2023

Lidl US chief to leave, reports say

Updated Aug. 7, 2023 The president and CEO of Lidl US, the Arlington-based United States branch of the German grocery chain, is set to leave the post at the end of August, according to reports in German and U.S. trade publications citing an internal memo. Michal Lagunionek, Lidl’s U.S. president and CEO since 2021, will […]

Arko to buy Uncle’s convenience stores for $140M
Jun 7, 2023

Arko closes Uncle’s convenience stores deal

Arko Corp., a Fortune 500 holding company for Henrico County-based convenience store chain GPM Investments LLC, has closed on its acquisition of Texas-based WTG Fuels Holdings LLC, the owner of Uncle’s convenience stores and Gascard fleet fueling operations. It’s Arko’s 24th acquisition since 2013. The deal was first announced in December 2022. “The WTG acquisition […]

May 16, 2023

Markel to change name

Glen Allen Fortune 500 insurance and investment firm Markel Corp. will change its name to Markel Group Inc. on May 26, the firm announced Tuesday. The change is to “provide greater definition around the nature of [the] holding company, which includes three engines of insurance, investments and a group of diverse businesses in Markel Ventures,” […]

Altria makes big bets on vaping, cannabis
May 10, 2023

Altria settles 6,000 Juul-related lawsuits for $235M

Henrico County-based Altria Group Inc. has settled at least 6,000 state and federal lawsuits related to Juul Labs Inc. for $235 million, the Fortune 500 tobacco manufacturer announced Wednesday. The settlements will be paid in the second quarter of 2023. Altria purchased a 35% stake in e-cigarette company Juul for $12.8 billion in 2018. Months […]

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May 4, 2023

Henrico strip mall, industrial buildings sell for $7.25M

Fernau LeBlanc Investment Partners has sold Wistar Center, a three-building flex industrial and retail portfolio, in Henrico County, to Prudent Growth Partners LLC  for $7.25 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced. The portfolio, at 8101-8157 Staples Mill Road, consists of approximately 49,092 total square feet, including a 20,436-square-foot Class A [...]

May 2, 2023

Henrico insurer to create 100 jobs in HQ expansion

Specialty insurer Richmond National Group Inc. will invest $350,000 to expand its Henrico County headquarters, a move expected to create more than 100 jobs, Gov. Glenn Youngkin announced Tuesday. The company, founded in 2021 as a holding company for Richmond National Insurance Co., will add 7,200 square feet of office space to its roughly 10,000-square-foot […]

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