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Hilb Group acquires Fla. insurance agency
Henrico County-based insurance agency The Hilb Group LLC has acquired E/G of Florida, the company announced Friday. The acquisition took effect Jan. 1. Financial terms of the transaction were not disclosed. “E/G of Florida represents a terrific addition to our company, aligned with our growth strategy by adding greater experti[...]
Surgical precision
Like many other businesses, health care systems are constantly consolidating and forging partnerships to create synergy. In 2022, one of Virginia’s longest awaited agreements finally crystallized: a merger between Eastern Virginia Medical School and Old Dominion University. The creation of Eastern Virginia Health Sciences [...]
Markel announces next CFO
Teri Gendron will succeed Jeremy Noble as Markel Corp.‘s chief financial officer on March 20, the Glen Allen-based Fortune 500 insurance and investment firm announced Tuesday. Noble became president of Markel‘s insurance operations earlier this year. Gendron will oversee and manage the holding company’s financial operations across its three divisions: insurance, investments and Markel Ventures. […][...]
Hilb Group acquires Ga. insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it had acquired Georgia-based Gillman Insurance Problem Solvers. Financial terms of the acquisition, which became effective Dec. 1, were not disclosed. “Joining The Hilb Group allows us to build further upon our long-standing, dedicated focus on ou[...]
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[...]
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 Genwort[...]
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 [...]
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 outstand[...]
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 […]
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[...]
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 histor[...]
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[...]
