TWFG becomes national leader with Top 100 jump

THE WOODLANDS, Texas - Move over, Anadarko, CB&I, Baker Hughes, Chevron Phillips, Entergy, and Huntsman, there is a new member of the industry leaders’ fraternity in The Woodlands. The Woodlands Financial Group (TWFG) has leaped from number 51 to the 30th spot in Insurance Journal’s list of Top 100 independent property & casualty insurance agencies in the United States.

TWFG president and CEO, Gordy Bunch, said he received notification of the prestigious number 30 national ranking based on TWFG’s record $267 million in premium sales resulting in revenues of more than $34 million. Bunch launched the firm in The Woodlands in 2001 with a $10,000 dollar investment. Of more than local interest is the fact that only one other Texas agency, a Fort Worth-based firm which had revenues of $49 million, topped TWFG in the rankings. According to a 2012 survey by Insurance Journal, there are 38,500 independent agencies in the United States.

Bunch, who is also an at-large elected member of The Woodlands Township board of directors, said he is delighted that TWFG has been able to bring special recognition to the community, rising in little more than a decade to stand out among the 1,700 national and international companies that have located their headquarters or operations in The Woodlands. He also recently announced that TWFG would be bringing its “million-dollar” convention here in 2014, with more than 250 insurance agents and major insurance carriers from 20 states and 163 cities to The Woodlands Waterway Marriott Hotel and Convention Center.