Towne Insurance Ranked 51st in Nation

In its annual listing of Top 100 Brokers of U.S. Business, measuring brokerage revenue generated by U.S.-based clients, Business Insurance ranked Towne Insurance Agency as number 51, rising three spots from the list released in July 2024. The wholly-owned subsidiary of TowneBank grew revenue by 8% through strong retention, organic growth, and best-in-class service. Still the largest bank-owned agency nationwide, Towne Insurance has over twenty offices throughout Virginia, North Carolina, and South Carolina, many of which promote collaboration among insurance professionals and representatives from the bank, mortgage, wealth management, and realty partners.  

“Our industry is more complex than ever, and we congratulate our team on the results of their hard work and perseverance,” said Doug Russell, president and CEO of Towne Insurance. “The talented individuals whose core mission is to serve others and enrich lives through our insurance and risk management services continue to be the heart of Towne Insurance.” 

About Towne Insurance: 

Towne Insurance is a premier insurance agency providing comprehensive solutions and risk management programs through a consultative approach to businesses of all sizes, including property and casualty insurance, workers’ compensation, surety bonding, employee benefits, and more. Additionally, personal lines agents specialize in home, auto, umbrella, and flood insurance. Headquartered in Norfolk, Virginia, and serving communities across Virginia, North Carolina, and South Carolina, the agency mobilizes a workforce of over 500 experienced insurance professionals who work with the nation’s top-rated insurance companies to offer customized coverage at a competitive price. For more information, visit TowneInsurance.com.  

Insurance and investment products offered through Towne Insurance and Towne Benefits, subsidiaries of TowneBank, are Not bank deposits or obligations, Not FDIC-insured, Not guaranteed by TowneBank, and may go down in value.