Business Moves – Southeast

TWFG

Texas-based The Woodlands Financial Group (TWFG) announced a substantial expansion of its network, adding new branches in multiple states, from California to Virginia. Many of the new branch managers are former “captive agents,” who are joining TWFG as a result of new programs that offer splits ranging as high as 80/20 for full service branch owners. The company is also offering a “managing general agent” and “referral program” as options, along with “sales only” branches with a 60/40 split.

Gordy Bunch, president and CEO of the retail and wholesale general agency, said this summer’s addition of more than 200 agents brings TWFG’s insurance services consortium of privately-owned and affiliated branches to 285 retail branches in 20 states and 2,200 independent agents in 38 states.

TWFG writes policies in 49 states from its headquarters in The Woodlands, Texas. New branches now operating under the TWFG banner include:

• California: Helayne Warschaw, Ventura; Peyling Yap, San Mateo; Mimi Ooi, Sunnyvale; Veronica Gutierrez, Soledad; Loretta Bentley, Lomita; Thomas Snipp, Fontana; Joe Wijono, Fullerton
• Delaware: Elaine Halsted, Wilmington
• Illinois: Debi and Don Moore, Quincy
• Louisiana: Pat Morris, Baton Rouge; Charles Loescher, Chalmette
• Oklahoma: Katie Cannon, Shawnee
• Pennsylvania: Matthew Clay, Jenkintown
• Tennessee: Valerie Edwards, Bartlett
• Texas: Mark Brown, Sherman; John Janese, Keller; Marshall Jackson, Longview; Patrick Nganga, Dallas; Francisco Marroquin, Porter; Iris Pinkerton, Houston
• Virginia: Ethan Krash, Glen Allen

R-T Specialty, Atlantic Star

Wholesaler R-T Specialty L.L.C. has acquired assets and operations of Atlantic Star Intermediaries L.L.C. Terms of the transaction were not disclosed.

Atlantic Star Intermediaries, based in New York City, specializes in the wholesale brokerage placement of insurance for the construction and real estate industries. In addition, Atlantic Star maintains binding authorities for mono-line owners and contractors protective liability and for mono-line railroad protective liability coverages.

R-T Specialty CEO Tim Turner said the acquisition expands the firm’s presence in the New York region. R-T Specialty is a subsidiary of Ryan Specialty Group.

Topics Texas Agencies Excess Surplus