Towne Insurance has been ranked as the 74th largest U.S. insurance broker by Business Insurance magazine, rising three spots from the previous year and maintaining its position in the top 1% of more than 45,000 independent insurance firms in the nation. The ranking, based on 2013 revenue, represents 19.1% growth from the previous year.
“It is an honor to be recognized in this prestigious report as we continue to expand the Towne Insurance footprint,” says Dudley Fulton, Towne Insurance President and CEO. “This ranking speaks to the extraordinary member service and strong insurance expertise of Towne’s professionals as we grow throughout Virginia and North Carolina.”“The brokers profiled and ranked in this report not only are the largest in terms of revenue, but also are critical partners of businesses that rely on their expertise in finding coverage solutions and providing advice to address tough business challenges,” says Editor Gavin Souter. “As the complexity of risks facing businesses has grown, brokers are keeping pace with an expanding array of services, expertise, and scale to better serve their clients.”
This annual ranking, which has been published for 43 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.
About Business Insurance
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.