Hampton, Va.-based Old Point Financial Corp. and Morgan Marrow Co. struck a marketing and sales agreement to create Old Point Insurance LLC.
A wholly owned subsidiary of Old Point National Bank of Phoebus, Old Point Insurance will offer new and existing customers industry-specific commercial insurance offerings, including property, liability, group health/life, and workers' compensation.
In the agreement, Old Point will drive all marketing and referral efforts, while Morgan Marrow will manage the sales of Old Point Insurance products.
Old Point National Bank is a unit of Old Point Financial. Morgan Marrow is an independently owned and locally operated agency that delivers insurance and risk management solutions.