Insurance 2025: RUSSELL, W. DOUGLAS

PRESIDENT AND CEO, TOWNE INSURANCE, NORFOLK

Virginia Business //September 2, 2025//

PRESIDENT AND CEO, TOWNE INSURANCE, NORFOLK

Virginia Business //September 2, 2025//

The leader of the TowneBank insurance subsidiary since 2021, Russell oversees more than 500 professionals located across Virginia, North Carolina and South Carolina.

Founded in 2001, Towne Insurance offers property and casualty insurance, workers’ compensation, bonding and employee benefits, as well as home, auto, umbrella and flood insurance. It brought in $118.5 million in 2024 revenue.

A University of Richmond alumnus, Russell has spent about four decades in insurance. Previously, he was president at Core Assurance Partners, a Virginia Beach-based insurance advisory and risk management firm. He also worked at Marsh McLennan and USI Insurance Services.

Russell served as a Triton for Virginia Beach’s 2019 Neptune Festival. He can usually be found at the Virginia Beach Billfish Tournament, which Towne Insurance sponsors.

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Tags: property and casualty insurance, financial protection, risk management, life insurance, insurance, insurance providers, vehicle insurance, automotive insurance, Virginia 500, insurers

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