Richmond National Group to expand Glen Allen operations, create 75 jobs
Insurance provider Richmond National Group plans to expand its operations in Henrico's West End, investing $1.75 million and creating 75 new jobs at its Glen Allen office, Virginia Gov. Abigail Spanberger announced March 4.
Founded in 2020, Richmond National Group specializes in property and casualty insurance designed for small and mid-sized businesses that have difficulty securing coverage in the standard insurance market. The company established its headquarters in the Richmond region in part because of the area’s strong financial services and insurance workforce, according to Richmond National President and CEO 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,” Kavanagh said.
Spanberger said the expansion reflects the region’s continued strength in those industries.
“Richmond National Group’s latest expansion in Henrico County highlights the strength of Central Virginia’s financial services and insurance talent,” Spanberger said in a statement. “The Commonwealth’s vast network of talent helped bring Richmond National here, and it continues to enable this exciting expansion six years later. We are proud to see Richmond National continue to build its future here in Virginia.”
Virginia Secretary of Commerce and Trade Carrie Chenery said the company’s growth further reinforces the Richmond region’s standing as a hub for specialty insurance and professional services.
“Virginia’s strong network of insurance and financial services talent makes the Commonwealth a natural home for companies like Richmond National Group,” Chenery said. “By expanding operations in Henrico County, Richmond National is creating new career opportunities while reinforcing the greater Richmond region’s reputation as a hub for specialty insurance and professional services providers.”
Henrico County officials welcomed the company’s continued growth.
“We’re thrilled they’ve chosen to expand their Henrico headquarters once again, creating jobs and supporting a thriving local economy,” Henrico Board of Supervisors Vice Chair and Three Chopt District Supervisor Misty Roundtree said.
State Sen. Schuyler VanValkenburg and Del. Rodney Willett also praised the expansion, noting that it will bring additional professional employment opportunities to Western Henrico.
The Virginia Economic Development Partnership worked with Henrico County to secure the project. The state will support the company’s hiring through the Virginia Jobs Investment Program, which provides funding and consulting services to help companies recruit and train new employees.
