The Virginia Bankers Insurance Center, a 67-bank consortium established in 1999 to enter the insurance agency business, has announced plans to acquire the Wytheville, Virginia-based Blue Ridge Insurance Group and the Ewald-Lester Life Agency.
Blue Ridge, a full-service property/casualty and life/health agency, will continue to operate under its name while also helping VBIC owner banks sell insurance products to their customers. The transactions are expected to close in September. Terms were not disclosed.
Was this article valuable?
Here are more articles you may enjoy.
No Firm Is Immune if AI Bubble Bursts, Google CEO Tells BBC 
Fire Destroys Miami Heat Coach’s $6.5M Home in Coral Gables 
Nonstandard Auto Insurers Continue Profit Momentum in 2025: AM Best 
PwC: Insurance Execs Say Agentic AI Leading Industry Transformation 
