A Bermuda-based insurance company is planning to open a U.S. headquarters office in Henrico County that is expected to employ more than 70 people.
Hamilton Insurance Group Ltd. said Friday that it plans to invest at least $415,000 to open the U.S. headquarters of its wholly owned subsidiary Hamilton Select Insurance Inc. in the Innsbrook Corporate Center in western Henrico.
The company, which provides specialty insurance and reinsurance services, is planning to pay salaries averaging about $157,000 a year, said Anthony Romanello, executive director of the Henrico Economic Development Authority.
“It is great to get more high-paying jobs in the county, especially as Innsbrook continues to revitalize and reposition itself,” Romanello said.
“As best as we can tell — and we have gone through our records — these are the highest average salaries in any announcement we have had,” Romanello said.
The company has leased a 6,500-square-foot office at 4701 Cox Road near its intersection with Nuckols Road. The company has already moved into the office, with plans to grow eventually, said Clayton Rhoades, CEO of Hamilton Select.
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“We are thinking that by the end of 2022, we will have about 60 people we have hired and, by the end of next year [2023], 70 or more people,” Rhoades said.
The company, founded in 2013, underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries.
Its insurance business in the U.S. includes 11 underwriting divisions in a part of the industry called excess and surplus insurance, which typically includes insurance covering such things as professional and management liability or commercial insurance for businesses that have a hard time getting standard policies.
“Virginia provides a talent pool of professionals serving the financial services industry as well as a favorable business climate for companies of all sizes, and we thank Hamilton for choosing Henrico County as the U.S. headquarters of its subsidiary operation,” said Caren Merrick, Virginia’s secretary of commerce and trade, in a statement. “International businesses continue to recognize the benefits of a Virginia location, and we look forward to supporting Hamilton Select’s future success in the Commonwealth.”
Top 5 weekend events: Shamrock the Block, Irish Festival & Harlem Globetrotters
HARLEM GLOBETROTTERS
Friday
It’s magic show meets improv meets playground hoops. The Harlem Globetrotters are more American than apple pie or mispronouncing “beignets.” And when they’re not helping Scooby-Doo solve crimes or haunting the dreams of the Washington Generals, they’re performing trick shots and nasty dunks for packed houses. 7 p.m. Siegel Center, 1200 W. Broad St. $20-$110. www.harlemglobetrotters.com or (804) 827-1000.
CHURCH HILL IRISH FESTIVAL
Saturday and Sunday
Do you want to go where the people all know your name? Come to Church Hill’s iconic Irish throwdown, where you’re certain to bump into old friends and neighbors while sharing a “cheers” or singing along with new ones. The street shindig is celebrating its 35th anniversary this year. Stake out your spot for the 10 a.m. parade on Saturday, and lace ’em up for Sunday’s Hill Topper 5K, which kicks off at 9 a.m. 10 a.m.-6 p.m. 25th and East Broad streets. $5 donation. churchhillirishfestival.com
SHAMROCK THE BLOCK
Saturday
Call it luck or a rough Monday morning, but Richmonders have a second belated St Patrick’s street festival. Shamrock the Block, originally scheduled for a couple of weeks back, brings beer trucks, bands and bouncy houses to Scott’s Addition. Featuring the Ashleigh Chevalier Band (noon), For Those About to Rock (2 p.m.) and Bombshell (4 p.m.). Noon-6 p.m. Leigh and Broad streets. Free entry; pay as you go. shamrocktheblock.com
RVA BURLESQUE FESTIVAL
Friday and Saturday
Here’s the thing about burlesque — it’s funny, it’s subversive and it’s much smarter than your average stage show (we’re looking at you, corporate talent show ). Come to this inaugural event to see performers from RVA and all around the world, including Jacqueline Boxx, the first to ever compete in a wheelchair for a Burlesque Hall of Fame Weekender title, as well as Zyra Lee Vanity, who hails from Toronto and has won awards spanning the globe. 7-11 p.m. Dogtown Dance Theatre, 109 W. 15th St. $26.05-$46.75. rvaburlesquefestival.com or (804) 230-8780.
AERIAL CIRQUE ALICE IN WONDERLAND
Friday
If you think that jumping into the rabbit hole is a leap of faith, then just wait until you see the high-flying tricks performed by Wonderland’s resident weirdos, from the Mad Hatter to the March Hare. Both shows are family friendly. 10 a.m. and 7 p.m. Dominion Energy Center, 600 E. Grace St. $12-$79. etix.com or (804) 344-0906, ext. 224.
(804) 775-8123