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
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