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Exceptions in a buyer’s market
This year has been a buyer’s market for commercial insurance, with competition among insurers helping to keep most rates down. Nonetheless, two types of coverage — auto and cyber — saw rate increases in 2016, a pattern that may continue next year.
The Hilb Group acquires Indianapolis insurance agency
Acquisition expands footprint of Henrico County-based brokerage into the Midwest.
A ‘soft’ market continues
Industry experts use words like “steady” and “consistent” to describe the commercial property and casualty insurance market in 2015.
Towne Insurance adds three Central Virginia affiliates
TowneBank subsidiary now has 25 offices in two states.
Dominion Dental Services to gain 90,000 members in acquisition
It is buying DentaQuest Mid-Atlantic and DentaQuest Virginia.
Towers Watson to acquire insurance technology business for $15.24 million
Canada-based Brovada focuses on streamlining communications between insurance agents, brokers and carriers.
Richmond-based Markel Corp. to acquire CATCo Investment Management
Reinsurance company would continue to operate from Bermuda.
Allianz offering tuition insurance in Virginia
It is one of eight states in which the product has been introduced.
Hilb Group acquires Wilmington, N.C.-based insurance agency
JWB Insurance Group is in its 19th year of business.
