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The Hilb Group makes 10th acquisition within past year
In its second acquisition announcement of the week, Henrico County-based insurance company The Hilb Group LLC (THG) on Wednesday announced it has acquired Michigan-based CIA Financial Group Inc. The transaction was effective July 1. A transaction amount was not disclosed. Since 2015, THG has acquired more than 60 companies. The [...]
The Hilb Group acquires Mass.-based insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Chatham, Massachusetts-based Eldredge & Lumpkin Insurance Agency Inc. (E&L). The transaction was effective July 1. Financial terms of the acquisition were not disclosed. E&L is a full-service agency that provides propert[...]
Genworth Financial acquisition delayed again
The $2.7 billion acquisition of Henrico County-based Genworth Financial Inc. by China-based Oceanwide Holdings Group Co. Ltd. has been postponed — yet again — the companies announced Tuesday. The Virginia State Corporation Commission’s Bureau of Insurance reapproved the merger, and the companies agreed to a 15th waiver and agreement to each party’s right to terminate […]
Allianz Partners names new CEO
Henrico County-based travel insurance company Allianz Partners announced Wednesday that Elena Edwards has been promoted to CEO of the German company’s United States business unit. The company employs approximately 1,000 people in the Richmond region. She succeeds Michael J. Nelson, who left the company for another travel indus[...]
Delta Dental of Virginia donates $3M to dentists
Through its nonprofit foundation, Delta Dental of Virginia will donate $3 million directly to 4,500 dentists in its network to cover expenses related to the coronavirus pandemic, the dental insurance provider announced Wednesday. Practices can use the funds for personal protective equipment (PPE) for their employees. Gov. Ralph Northam lifted restrictions on doctors’ and dentists’ […][...]
The Hilb Group acquires book of business from payroll services company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of a book of business from Cleveland-based payroll services company CBIZ Inc. The transaction was effective April 1. THG also hired CBIZ’s business unit president Peter Tarmey as a producer at THG. Tarmey is currently based in C[...]
Genworth Financial acquisition delayed again
The long-delayed $2.7 billion acquisition of Henrico County-based Genworth Financial Inc. by China Oceanwide Holdings Group Co. Ltd. has been postponed again. The Virginia State Corporation Commission’s Bureau of Insurance reapproved the merger and the companies agreed to a 14th waiver and agreement to each party’s right to terminate the proposed agreement. The latest waiver […]
SCC offers health insurance tips for laid-off Virginians
The Virginia State Corporation Commission’s (SCC) Bureau of Insurance wants to remind Virginians that there are health insurance options available if they’ve recently been laid off or lost health insurance benefits through their employer. “Loss of a job doesn’t have to mean loss of health insurance coverage,” said Virginia Insurance Commissioner Scott A. White. “In […]
Genworth Financial moves closer to acquisition
Henrico County-based Genworth Financial Inc. has cleared another regulatory hurdle in its long-delayed takeover bid by China Oceanwide Holdings Group Co. Ltd. On Tuesday, the New York State Department of Financial Services reapproved Oceanwide’s proposed acquisition of Genworth’s New York-based insurance company, Genworth Life Insurance Company of New York (GLICNY). In connection with the reapproval, Genworth […][...]
The Hilb Group acquires Ohio company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of Cleveland, Ohio-based Healthcare Liability Consultants Agency Inc., effective March 1. THG also hired the Healthcare Liability Consultants owner owner and medical malpractice insurance specialist Julie Paton as a producer. Financial terms of the acquisition were not disclosed. Founded in 2009, THG […][...]
Markel to acquire newly merged company
A subsidiary of Henrico County-based Markel Corp., a specialty insurer and diversified financial holding company, will purchase Richmond-based Lansing Building Products and Harvey Building Products following the merger of the two companies, Lansing Building Products announced Monday. Financial terms of the agreement were not disclosed. Lansing Building Products is a national supplier of exterior building […][...]
Marsh & McLennan names EVP of business insurance
Marsh & McLennan Agency has named Max Richardson executive vice president of business insurance in the mid-Atlantic region, a new position. He will be based in Charlotte, North Carolina. Richardson has been with the national insurance brokerage for 15 years and grew the risk management sector in Charlotte. He specializes in [...]
