Insurance coverage firm plans headquarters workplace in Henrico with 70 jobs | Enterprise Information

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A Bermuda-based insurance coverage firm is planning to open a U.S. headquarters workplace in Henrico County that’s anticipated to make use of greater than 70 individuals.

Hamilton Insurance coverage Group Ltd. stated Friday that it plans to speculate no less than $415,000 to open the U.S. headquarters of its wholly owned subsidiary Hamilton Choose Insurance coverage Inc.  within the Innsbrook Company Middle in western Henrico County.

The corporate, which offers specialty insurance coverage and reinsurance providers, is planning to pay salaries averaging about $120,000 a 12 months, stated Anthony Romanello, govt director of the Henrico County Financial Growth Authority.

“It’s nice to get extra high-paying jobs within the county, particularly as Innsbrook continues to revitalize and reposition itself,” Romanello stated.

“As finest as we will inform – and we now have gone by means of our information – these are the best common salaries in any announcement we’ have had,” Romanello stated.

The corporate is leasing an workplace at 4701 Cox Street close to its intersection with Nuckols Street. 

The corporate, based in 2013, underwrites specialty insurance coverage and reinsurance dangers on a world foundation by means of its wholly owned subsidiaries. Its insurance coverage traces in the US embrace skilled and administration legal responsibility, environmental insurance coverage, and a sort of insurance coverage known as extra and surplus, which generally covers companies which have a tough time getting normal insurance policies.

“Virginia offers a expertise pool of pros serving the monetary providers trade in addition to a positive enterprise local weather for corporations of all sizes, and we thank Hamilton for selecting Henrico County because the U.S. headquarters of its subsidiary operation,” stated Virginia’s Secretary of Commerce and Commerce Caren Merrick, in a press release, “Worldwide companies proceed to acknowledge the advantages of a Virginia location, and we look ahead to supporting Hamilton Choose’s future success within the Commonwealth.”



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