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The Hilb Group acquires Florida insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of Bonita Springs, Florida-based Regency Insurance Group LLC (RIG), effective Feb. 1. Financial terms of the acquisition were not disclosed. RIG is a property and casualty agency that specializes in personal lines coverage including home, auto, flood and watercraft insurance. RIG co-founders […][...]
Virginia Beach-based Towne Insurance promotes executive leaders
Virginia Beach-based independent insurance agency Towne Insurance has promoted multiple executives in leadership positions. Towne Insurance CFO Boyd Griffin was promoted to executive vice president and will retain his duties as CFO. Chris Rogerson was appointed as chief operating officer. Rogerson joined the agency in 2017 as vice president and manager of the select business […]
The Hilb Group acquires Maryland insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Wednesday the acquisition of Maryland-based Martens Johnson Insurance Agency Inc. The transaction that took effect Jan.1. Financial terms of the acquisition were not disclosed. Martens Johnson is a full-service insurance agency specializing in serving the commercial transportation industry. THG —a portfolio company of Washington, D.C.-based […][...]
The Hilb Group acquires New York brokerage
Henrico County-based insurance company The Hilb Group LLC (THG) acquired Brooklyn, New York City-based independent brokerage BR Vital Brokerage Inc. (BRV) in a transaction that took effect Jan.1, the company announced Tuesday. Financial terms of the acquisition were not disclosed. BRV specializes in property and casualty insurance for medical professionals. THG —a portfolio company of […]
Tysons insurance broker Ames & Gough promotes three execs
Ames & Gough Insurance Risk Management Inc. CEO Dan Knise will also serve as the chair of the Tysons-based insurance broker, which announced Tuesday that it was also promoting two senior executives to leadership positions. As chair and CEO, Knise will focus on the firm’s strategy and initiatives and will mentor new employe[...]
The Hilb Group acquires Rhode Island insurer
Henrico County-based insurance broker The Hilb Group LLC (THG) has acquired Rhode Island-based Wickford Insurance Agency Inc. (WIA) in a deal that closed on Dec. 1, THG announced Tuesday. Financial details of the deal were not disclosed. WIA is a property and casualty insurance agency and its associates will join THG’s Rhode Island operations under […]
Genworth extends Chinese acquisition to March
Henrico County-based Fortune 500 insurance company Genworth Financial Inc. has extended the timeline for its long-delayed $2.7 billion takeover by China Oceanwide Holdings Group Co. Ltd. until March 31, the company announced Monday, marking the 13th time the agreement has been extended. On Dec. 12, Genworth sold its majority stake in its Canadian mortgage insurance […]
Petersburg hotel operator files $28M claim in LeClairRyan bankruptcy case
Virginia hotel operator Petersburg Regency LLC filed a $28 million claim in the LeClairRyan bankruptcy case Thursday in Richmond, according to the federal court filing. Petersburg Regency is seeking relief from an automatic stay in LeClairRyan’s handling of an insurance dispute from 2003’s Hurricane Isabel. An automatic stay ensures equality of distribution by preventing one […]
Genworth completes $1.8B sale of Canadian unit
Henrico County-based Genworth Financial Inc. has completed the sale of the majority stake in its Canadian mortgage insurance company. The sale of Genworth MI Canada Inc. to Brookfield Business Partners is part of Genworth’s effort to clear the way for its long-delayed takeover by China Oceanwide Holdings Group Co. Ltd. Brookfield paid $48.86 Canadian dollars (CAD) […]
Clear and present dangers
In March, a Seattle software engineer hacked into Capital One’s servers, stealing personal data belonging to 106 million of the McLean-based bank’s customers and credit card applicants. Prosecutors would later say that the hacker was also found to possess terabytes of stolen data from 30 other organizations, including compan[...]
Alan I. Kirshner retiring as Markel Corp. executive chair
Steven Markel will succeed Kirshner as board chairman for the Henrico-based insurance holding company.
Hilb Group buys North Carolina employee benefits agency
Henrico-based insurance agency now has more than 90 offices in 21 states.
