TWFG Insurance Services LLC (TWFG) has acquired the personal and commercial insurance business of The Woodlands, Texas-based Panoptic Insurance.
The acquisition is effective April 17, 2020.
Panoptic Insurance,founded in 2008 by Arden Hetland, is a national independent insurance agency that provides comprehensive insurance solutions.
TWFG Insurance Services is a full service, national retail insurance agency with over 386 locations in 18 states and approximately $610 million of premium.
Gordy Bunch, founder and president of TWFG, said in a media release that the acquisition “adds thousands of customers to the TWFG family.”
TWFG Insurance Services LLC, headquartered in The Woodlands, Texas, is a wholly owned subsidiary of The Woodlands Financial Group, which includes TWFG General Agency LLC, TWFG Premium Finance LLC and The Woodlands Insurance Co.
Source: TWFG Insurance Services LLC
Was this article valuable?
Here are more articles you may enjoy.
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge 
Insurers: French Supermarkets’ Cyber Insurance Unlikely to Cover Food Losses 
Europe’s Insurers Cut Coverage of Weather Losses, Report Says 
