TOWNE INSURANCE CLIMBS 9 SPOTS IN TOP 100 LARGEST BROKERS OF U.S. BUSINESS

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TOWNE INSURANCE CLIMBS 9 SPOTS IN TOP 100 LARGEST BROKERS OF U.S. BUSINESS

Virginia Beach, VA- August 3, 2017: Towne Insurance was ranked 59th by Business Insurance magazine amongst the Top 100 Largest Brokers of U.S. Business in the July 2017 issue. The agency climbed nine spots from the 2016 ranking, and continues to maintain its position in the top 1% of more than 45,000 independent insurance firms in the nation for the fifth consecutive year. This ranking was based on 2016 brokerage revenue, where Towne Insurance showed a 14.6% increase over the previous year.

 “It is an honor to be again be recognized in this prestigious report,” says Dudley Fulton, Towne Insurance President and CEO. “This ranking is a direct reflection of the team of dedicated professionals who deliver best-in-class risk management solutions to our members throughout Virginia and North Carolina.”

This annual ranking, which has been published for over 46 years, delivers critical information to insurance buyers. It provides insights into trends shaping customers’ risk management and employee benefits challenges and service needs, as well as a market leader benchmark for peer comparison.

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Towne Insurance, a wholly owned subsidiary of TowneBank, is a premier insurance agency providing comprehensive solutions and risk management programs to businesses of all sizes, including property and casualty insurance, workers’ compensation, bonding, employee benefits and more. Additionally, personal lines agents specialize in home, auto, umbrella and flood insurance. Headquartered in Hampton Roads in southeastern Virginia, and serving communities from Northern Virginia, to Wilmington, North Carolina; Towne’s 300 experienced professionals work with the nation’s top-rated providers to find members the right coverage at a competitive price. For more information, visit www.TowneInsurance.com.

As one of the top community banks in Virginia and North Carolina, TowneBank operates 37 banking offices serving Chesapeake, Chesterfield County, Glen Allen, Hampton, James City County, Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond, Suffolk, Virginia Beach, Williamsburg, and York County in Virginia, along with Moyock, Grandy, Camden County, Southern Shores, Corolla and Nags Head in North Carolina.  Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations.  Local decision-making is a hallmark of its hometown banking strategy that is delivered through the leadership of each group’s President and Board of Directors.  With total assets of $8.43 billion as of June 30, 2017, TowneBank is one of the largest banks headquartered in Virginia.

Business Insurance serves business executives who are responsible for the purchase and administration of corporate insurance/self-insurance programs, encompassing both property and liability insurance and employee benefit programs, including life, health and pensions. Each edition of the printed publication includes news and in-depth feature articles related to these key functions.  From its website, www.businessinsurance.com, tablet, mobile and in custom e-mail news alert products, the publication also delivers current news and information on a daily basis.  Business Insurance, which debuted on Oct. 30, 1967, is a publication of Crain Communications Inc. For more information, please go to www.businessinsurance.com.

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