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
Long-delayed takeover of Fortune 500 insurance holding company clears another hurdle
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 Henrico insurance company will retain the company's owner, a medical malpractice insurance specialist.
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
Financial terms of the transaction were not disclosed.
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
Max Richardson, a 15-year veteran, will oversee mid-Atlantic region.
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 risk management, construction and
Regency Insurance Group is the latest acquisition by THG.
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
The company promoted CFO Boyd Griffin to executive vice president.
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
Martens Johnson Agency is the latest acquisition by the fast-growing Henrico insurance firm.
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
This makes more than 60 acquisitions in five years for the company.
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
CEO Dan Knise takes on chair position, Matt Gough is president and Brett Gough is COO
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