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Allianz Partners USA names new COO
Henrico County-based Allianz Partners USA has named Heather McIntyre as chief operations officer USA, the company announced Monday. McIntyre joins Allianz after 20 years with Geico, where she served in multiple management roles, most recently as vice president of customer experience and customer relationship management. She also has experience in digital transformation, product management and [&he[...]
Genworth insurance co. settles class action for $25M
Richmond-based Genworth Life & Annuity Insurance Co. has settled a class-action lawsuit with 13,400 insurance policy holders for $25 million. U.S. District Judge David Novak of the Eastern District of Virginia approved the settlement Monday. GLAIC, a subsidiary of Fortune 500 life, mortgage and long-term care insurer Genworth Financial Inc., was sued for $5 billion […]
Allianz promotes Canadian CFO to North American CFO
Henrico County-based Allianz Partners USA has promoted Patrick Espeut to chief financial officer for the North America region, which includes the U.S. and Canada, the travel insurance and assistance company announced Tuesday. Allianz’s former chief financial officer, Jeff Wright, was promoted to CEO earlier this year. Espeut had been chief financial officer of Allianz Partners’ [&helli[...]
Choice Financial Group names new president, COO
Virginia Beach-based insurance company Choice Financial Group has named Michael J. Andersen its president and chief operating officer, the company announced Tuesday. Andersen, who has started at his new post, has more than 37 years of experience in the insurance industry, according to a news release. He most recently served as president of AssuredPartners’ New Jersey-based […]
Sentara Health Plans names new leader
Virginia Beach-based Sentara Health Plans has named Colin Drozdowski as the next president of Sentara Healthcare’s health insurance division. Drozdowski succeeds Dennis Matheis, who was named president and CEO of Sentara Healthcare in June. Drozdowski will also serve as executive vice president of Norfolk-based nonprofit Sentara Healthcare. His new role is effective Sept. 1. Matheis [&hellip[...]
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[...]
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, […[...]
Va. Beach insurance agency taps CFO
Shawn McArdle is Choice Financial Group’s new chief financial officer, the Virginia Beach-based insurance agency announced Wednesday. “Shawn’s ability to provide financial leadership allows Choice’s senior management team to focus on identifying the right partners for the platform,” Choice President Richard Braun said in a statement. “Shawn’s experience wi[...]
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 […]
Reston HR firm acquired by New York insurance broker
New York-based insurance broker and consultant NFP Corp. announced Thursday it had acquired Reston-based Helios HR LLC. Financial terms of the transaction, which closed in January, were not disclosed. “I’m excited to welcome the Helios HR team to NFP,” Ethan Foxman, NFP’s Atlantic region president, said in a statement. “We’re adding depth to our capabilities, […]
Watershed moment
Hampton Roads is besieged by hurricanes, nor’easters and full moon tidal surges, but it’s not just coastal Virginia homes and businesses that are threatened by increased flooding. “Climate change is causing the state as a whole to deal with flooding and flood- related issues. It impacts a lot of people throughout the state,” says Michael […]
