8/1/2025 | Norfolk, VA
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% in 2024 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 perserverance," said W. Douglas "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."
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