Texas-based TWFG (The Woodlands Monetary Group) Insurance coverage has expanded its footprint in Ohio with the acquisition of the Wade Insurance coverage Company.
Monetary particulars of the deal haven’t been divulged.
Following this deal, TWFG Insurance coverage acknowledged that’s on monitor to comply with its 22 years of double-digit natural development by means of this 12 months.
Wade Insurance coverage Company might be mixed with American Insurance coverage Methods, which was acquired by TWFG in December final 12 months.
This mix will create a group of 25 insurance coverage professionals and enhance TWFG’s presence in Ohio.
Wade Insurance coverage Company founder and president Ed Wade mentioned: “I’ve been in search of one other sturdy company to accomplice with for a number of years, and I’m extraordinarily joyful to have met the TWFG group and made the choice to accomplice with them.
“Broadening our power of carriers and our service is what I’ve been hoping for and this partnership accomplishes my purpose. Very thrilling instances right here at Wade Insurance coverage.
TWFG chief advertising officer Alex Bunch mentioned: “Our individuals, our prospects, and our service accomplice relationships are on the core of who we’re.
“Every day we got down to honour our commitments, with our guideline of ‘Our Coverage is Caring,’ main the way in which.’ Treating our prospects like individuals, not insurance policies, is part of TWFG Insurance coverage’s DNA.”
A privately-owned company, TWFG has 485 branches and over 1,800 impartial brokers. It caters to non-public traces and industrial shoppers.