Virginia Beach-based Towne Insurance announced they are expanding into South Carolina with the completion of their recently acquired Nationwide Agency. Led by David E. Angel, The Angel Insurance Agency has offices located in Rock Hill, Lancaster, and Spartanburg, South Carolina; Raleigh and Charlotte, North Carolina.
“We are thrilled to have The Angel Insurance Agency join us as we expand into South Carolina,” said Dudley Fulton, President and CEO of Towne Insurance. “This acquisition is a significant milestone for our company and accelerates the achievement of our key strategic objectives.”
With 50 years of service, The Angel Insurance Agency is committed to building long-term relationships with its customers by satisfying their insurance needs through superior service, professional advice, and competitive insurance. Their agency offers a full line of personal and commercial services to their client base in North and South Carolina. The agency will continue operating under its present name and locations for the immediate future except for the Raleigh, NC office that relocated to the Towne Insurance office on Falls of Neuse Road in Raleigh, NC.
“Joining forces with Towne Insurance will provide our clients and dedicated staff new opportunities,” stated David Angel, President of The Angel Insurance Agency. “Most importantly, our customers will continue to receive the same great service from the same folks in our offices only now we will have many more options to serve their needs, it’s a WIN-WIN.”
Ranked by revenue, Towne Insurance is ranked 51st of the Top 100 Largest U.S. Brokers of U.S. Business by Business Insurance magazine in the July 2019 edition. They are also ranked in the August 2019 edition of Insurance Journal magazine as 35th in the Top 100 Property and Casualty Agencies, that report also features Michael White’s Bank Insurance Fee Income Report where their parent company, TowneBank is ranked 6th. In addition, Towne Insurance is ranked 25th among the top 50 personal lines agencies in the Personal Lines Leaders report from the November 2019 edition of Insurance Journal magazine. Towne Insurance collaborates with firms that have a strong reputation and have the same dedication to growth as they do. This deal successfully marks the 24th acquisition for Towne Insurance, and they will grow to more than 440 insurance professionals with 34 offices serving Virginia, North Carolina and now South Carolina.