Evertree Insurance, a technology-enabled personal lines brokerage, plans to triple in size over the next three years, adding 415 positions at its operational headquarters in Virginia Beach.
The Virginia Beach Development Authority has approved a US$320,000 Economic Development Investment Program grant to support the expansion at Evertree’s offices at 2929 and 2875 Sabre Street, the city’s economic development office said on November 10. The expansion will make Virginia Beach Evertree’s largest employment hub. The company has eight locations nationwide and employees in more than 18 states.
“This investment brings hundreds of new employment opportunities to our community while reinforcing Virginia Beach’s role as a growing hub for technology-based companies,” said Emily Archer, director of Virginia Beach Economic Development. The city said the new positions will help Evertree meet increasing operational demands.
Evertree launched in 2022 with backing from investment firm Integrum Holdings as a personal lines distribution platform, and grew largely through acquisitions. It bought Gnade Insurance Group in Illinois and Provision Insurance Group in Michigan, entered the Mid-Atlantic with two agencies in the DC area and northern Virginia, established a Mountain region with three Colorado agencies, and in November 2023 acquired Virginia Beach-based Prosper Insurance. Earlier this year it renewed and expanded its lease at the city’s Sabre Corporate Park, according to CoStar.
The hiring plan runs against a common assumption about technology-led brokerages: that they can grow without adding many people. Evertree’s recent Virginia Beach job postings include sales producers, personal lines account managers and finance roles.
For agencies in the Hampton Roads area, that means a new large competitor for licensed personal lines staff over the next three years.
