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TWFG, Inc. Acquires Alabama Insurance Agency, Inc. Expanding Its Southeastern Footprint
Globenewswire· 2025-11-04 12:25
Core Viewpoint - TWFG, Inc. has acquired Alabama Insurance Agency, enhancing its presence in the Southeastern United States and expanding its network of independent agents [1][2]. Group 1: Acquisition Details - TWFG, Inc. has acquired Alabama Insurance Agency, Inc. and its 20 affiliated locations across Alabama [1]. - This acquisition is part of TWFG's growth strategy and aims to deliver personalized insurance solutions [2][3]. Group 2: Strategic Benefits - The acquisition strengthens TWFG's commitment to providing innovative insurance solutions through a growing network of independent agents [2]. - Alabama Insurance Agency's strong community ties and customer-first approach will benefit from TWFG's national scale, brand recognition, technology infrastructure, and carrier relationships [2][3]. Group 3: Leadership Statements - Gene Ruggario, President of Alabama Insurance Agencies, expressed that partnering with TWFG is beneficial for customers, staff, and carrier partners [3]. - Gordy Bunch, Founder and CEO of TWFG, highlighted that the acquisition aligns with the company's mission of caring for customers and empowering independent agents [3].
Wright Flood completes the acquisition of Poulton Associates, LLC
Globenewswire· 2025-11-04 11:45
Core Insights - Wright National Flood Insurance Company has completed the acquisition of Poulton Associates, LLC, enhancing its insurance operations [1] Company Overview - Wright Flood is the largest flood insurance provider in the United States, offering federal, excess, and private flood insurance, rated A (Excellent) by AM Best [2] - The company serves approximately 4.7 million flood policyholders and is recognized for its user-friendly technology and exceptional claims reputation [2] Parent Company Information - Brown & Brown, Inc. is a leading insurance brokerage firm with over 700 locations and more than 23,000 professionals, providing customized insurance solutions since 1939 [4]
Bridge Specialty Group acquires the assets of Tim Parkman, Inc.
GlobeNewswire News Room· 2025-05-08 10:45
Core Insights - Brown & Brown, Inc. has acquired the assets of Tim Parkman, Inc. (TPI), enhancing its position in the insurance brokerage market [1][2] Company Overview - TPI, established in 2002, is a full-service wholesale insurance brokerage based in Clinton, Mississippi, initially focused on personal lines and later expanding into commercial lines [2] - TPI serves over 5,000 retail agents using a proprietary technology platform to deliver superior service [2] - TPI will continue to operate under the leadership of President Mike Leach, with Tim Parkman remaining involved in the business [2] Strategic Fit - The acquisition is expected to complement Bridge Specialty Group's offerings, particularly in Mississippi and the Gulf States, enhancing its specialized product suite and distribution capabilities [3] - Steve Boyd, president of Bridge Specialty Group, expressed excitement about the integration of TPI into their operations [3] Bridge Specialty Group Profile - Bridge Specialty Group is a global insurance wholesaler with access to over 230 admitted, excess, and surplus lines, managing a premium book exceeding $7 billion [4] - The company operates more than 50 locations with a workforce of 2,000 across the U.S., U.K., Europe, and Asia, providing tailored insurance solutions through various practice groups [4] Brown & Brown, Inc. Profile - Brown & Brown, Inc. is a leading insurance brokerage firm with a global presence across 500+ locations and a team of over 17,000 professionals [5] - The company has been delivering customer-centric risk management solutions since 1939, focusing on scalable and innovative strategies for clients [5]