Virginia-based specialty insurer Richmond National Group plans to invest $1.75 million to expand operations at the firm’s Glen Allen office.
The company said it expects to be hiring as many as 75 new employees for the office.
“Five years ago, we started our specialty insurance company in the Richmond area primarily due to its deep talent pool of insurance and financial services professionals and its favorable business environment,” said Richmond National Group President and Chief Executive Officer Joseph C. Kavanagh. “These factors have contributed to our early success as a younger company, and we continue to see significant hiring opportunities in the region.”
Virginia Governor Abigail Spanberger took part in the announcement. “Richmond National Group’s latest expansion in Henrico County highlights the strength of Central Virginia’s financial services and insurance talent,” she said.
Established in 2020, Richmond National specializes in property/casualty excess and surplus insurance for small and mid-sized businesses.
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