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The Hilb Group acquires Mich.-based agency
In its second acquisition announcement of the new year, Henrico County-based insurance company The Hilb Group LLC said Tuesday it has acquired Linwood, Michigan-based Owen Moore Insurance Agency, effective Dec. 31, 2020. Financial details of the acquisition were not disclosed. Founded in 1973, Owen Moore Insurance Agency (OMA) is a full-service property and casualty agency. […]
The Hilb Group acquires N.C.-based insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it has acquired Maiden, North Carolina-based insurance agency Dwayne Wilson Insurance & Financial Services Inc., effective Dec. 31. Financial details of the acquisition were not disclosed. Founded in 1985, DWI is a full-service life and health agency. It provides insurance products to employer groups and […]
$2.7B Genworth acquisition is on hold
UPDATED JAN. 5 Henrico County-based Genworth Financial Inc.’s planned $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd. has been frozen. In late November, the companies announced that Oceanwide’s acquisition of the Fortune 500 insurance company had been reapproved by China’s National Development and Reform Commission, and the acquisition, which has been fr[...]
The Hilb Group announces 101st acquisition
Marking its 101st acquisition to date, Henrico County-based insurance company The Hilb Group LLC (THC) announced Tuesday it has acquired Williston Park, New York-based insurance agency Hiram Cohen & Son Inc. (HCS), effective Dec. 1. Financial details of the acquisition were not disclosed. A family company founded in 1919, HCS is still operated by founder […]
Hilb Group announces third December acquisition
In its third acquisition announcement this week, Henrico County-based insurance company The Hilb Group LLC (THG) has acquired Lexington County, South Carolina-based employee benefits consulting, management and brokerage firm Plan Benefit Services Inc. (PBSI), effective Dec. 1. Financial details of the acquisition were not disclosed. Founded in 1986, PBSI provides employee benefits, retiree benefit[...]
The Hilb Group makes second December acquisition
In its second acquisition announcement this week, Henrico County-based insurance company The Hilb Group LLC (THG) has acquired Montclair, New Jersey-based insurance and risk management brokerage William H. Connolly & Co. LLC (WHC), effective Dec. 1. Financial details of the acquisition were not disclosed. Founded in 1950 by William H. Connolly Sr., WHC was owned […]
The Hilb Group acquires New York-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Auburn, New York-based insurance company Moran, Moran, & Dauphin Inc. (MMDI), effective Nov. 1. Financial details of the acquisition were not disclosed. Founded in 2006, MMDI provides property and casualty (P&C) insurance products. As part of the transaction, the MMDI leadership […]
Mutual Assurance Society of Va. names VP innovation, marketing
Richmond-based Mutual Assurance Society of Virginia announced Tuesday that it has named Mark Crutcher as its inaugural vice president of innovation and marketing. Crutcher most recently was a senior product manager with Safe Auto and had previously served as Lititz Mutual’s vice president of marketing, underwriting and product development. “Mutual Assurance’s goal is to embrace [&h[...]
Long-delayed Genworth acquisition postponed again
Henrico-based Genworth Financial Inc. and China-based Oceanwide Holdings Group Co. Ltd. announced on Monday that Oceanside’s long-delayed $2.7 billion acquisition of Genworth has been reapproved by China’s National Development and Reform Commission, and the acquisition has been postponed until the end of December. With the Chinese government’s reapproval, Oceanwide will now move [...]
Va. initial jobless claims jumped nearly 25% last week
The number of initial jobless claims in Virginia rose by 24.75% last week, the Virginia Employment Commission reported Thursday. For the week ending Oct. 17, 11,365 Virginians filed initial claims for unemployment, an increase of 2,255 from the previous week, according to the VEC. And the number of initial claims filed during the week ending […]
The Hilb Group acquires Md.-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it acquired Annapolis, Maryland-based Insurance Solutions (ISI), effective Oct. 1. Transaction details were not disclosed. This marks THG’s 12th acquisition within the past year. Founded in 1989, ISI is a full-service employee benefits agency specializing in health, dental, life and disability benefits. As pa[...]
Genworth’s $2.7B acquisition by Chinese company faces new hurdle
Henrico County-based Genworth Financial Inc. announced Thursday that China-based Oceanwide Holdings Group Co. Ltd. has reached an agreement with Hony Capital on the commercial terms and conditions of its $1.8 billion offshore financing plan to complete its acquisition of Genworth. However, Oceanwide has not reached a final agreement on all terms and conditions due to […]
