Business Moves

TWFG

The Woodlands Financial Group Inc. (TWFG), a retail and managing general agency based in The Woodlands, Texas, has opened three new branch locations.

Steve Lovecchio opened a new branch in New Orleans, La. Lovecchio comes to TWFG with almost 20 years in the insurance industry, most of which were with American National. Lovecchio has knowledge in all fields of insurance including property/casualty, life and health, commercial insurance and underwriting.

A new branch in Southlake, Texas, was opened by Ron Inglis. Inglis has more than 12 years of insurance experience, most of which were with Farmers Insurance Group. Inglis also has an extensive accounting and investment background.

Keith Engelke has opened a new branch in Magnolia, Texas. Engelke has more than three years of experience with Allstate, where he earned Gold-Level Honors.

TWFG has grown to include more than 160 exclusive branch office locations and 950 independent agencies across 17 states.

Affirmative Insurance Holdings

Affirmative Insurance Holding Inc. is moving its corporate operations center from Chicago to Baton Rouge, La.

Louisiana Gov. Bobby Bobby Jindal, Affirmative Insurance Holdings Inc.’s Chief Operating Officer Bob Bondi, East Baton Rouge Parish Mayor-President Kip Holden, and Baton Rouge Area Chamber President and CEO Adam Knapp jointly announced the move at a press conference in Baton Rouge, the governor’s office reported. The company will locate its offices in the Bon Carre’ Business Center.

Affirmative Insurance Holdings’ consolidation in the Baton Rouge area means the company will make a $1.2 million capital investment, create 56 new direct jobs averaging $26,400 plus benefits, and maintain 200 existing jobs averaging $40,000 plus benefits, the governor’s office said.

Louisiana Economic Development and the City of Baton Rouge/East Baton Rouge Parish each will provide performance-based financial assistance of $97,000 toward the cost of a backup generator, and Affirmative also intends to utilize the state’s Enterprise Zone program or the Quality Jobs program.

Affirmative Insurance has major operations centers in Chicago, Dallas and Baton Rouge and all three were considered for the operations consolidation. The company said they decided on Louisiana because of the quality of the state’s workforce, an excellent business climate that fosters growth, and the support of local government that is aggressive in generating business growth within the community.

Affirmative Insurance Holdings Inc. is a distributor and producer of non-standard personal automobile insurance policies and related products and services for individual consumers in targeted geographic markets.

Topics Texas Louisiana