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 employees. He became
Henrico County-based insurance broker has acquired more than 60 companies since 2015.
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
$2.7B takeover by China Oceanwide Holdings Group was announced in 2016.
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 Regency LLC seeks relief in insurance dispute
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
The mortgage insurance deal is part of its effort in gain approval for China Oceanwide takeover.
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)
Commercial insurance rates respond to cyberattacks, weather and #MeToo
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 companies and universities. Cyberattacks and data breaches
Steven Markel will succeed Kirshner as board chairman for the Henrico-based insurance holding company.
Henrico-based insurance agency now has more than 90 offices in 21 states.
Ashland-based VSC has more than 1,200 employees.
The Hilb Group has made more than 60 acquisitions since 2015.