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Ascension Insurance expands NC operations, enters Virginia

Ascension Insurance Inc. and subsidiary Ascension InsuranceAgency Inc. agreed to acquire Greenpoint Insurance Group Inc.'s operations inHigh Point and Lexington, N.C., and Warrenton and Marshall, Va., where itoperates as Carr & Hyde.

The acquired locations are part of Ascension, effectiveimmediately. Greenpoint and Carr & Hyde agents and other employees from thefour locations are now part of the Ascension team. Greenpoint parent ,through its unit operating with the First Community Insurance Services name,will keep and continue to develop its operations within its bank branches inNorth Carolina, Virginia and the rest of its footprint.

The deal expands Ascension's existing North Carolinaoperations and serves as its first acquisition in Virginia.