Towne Insurance ranked No. 54 among top 100 brokers of U.S. business

In its annual listing of Top 100 brokers of U.S. business, Business Insurance ranked Towne Insurance Agency as No. 54, rising three spots from the list released in July 2023. The wholly-owned subsidiary of TowneBank grew revenue by 19% in 2023 through strong retention, organic growth, and the acquisition of Manry-Rawls LLC, which has an office in Smithfield. Now the largest bank-owned agency nationwide, Towne Insurance moved many of its regional offices into TowneBank financial centers that promote collaboration among insurance professionals and representatives from the bank, mortgage, wealth management, and realty partners.

"With some of the most experienced risk advisors and benefits consultants in the industry, we congratulate our team on the results of their hard work and celebrate this recognition with our entire Towne family," said W. Douglas "Doug" Russell, president and CEO of Towne Insurance. "Beyond our commitment to providing tailored solutions for our members' personal, commercial, and benefits needs, we strive to enrich the lives of the people in the communities where we live and work. The strength of our company allows us to grow in our most important role – as a community asset."

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