TWFG Insurance Acquires Agencies in Texas and North Carolina, and Adds Innovative Agency Owner, Denise Davis, as Vice President of Retail Operations
Rhea-AI Summary
TWFG Insurance announced strategic expansion moves with two key acquisitions and a significant leadership appointment. The company acquired Denise Davis Insurance in Tomball, Texas, which converted to a TWFG Corporate Branch on April 1, 2025, after 23 years as an independent branch. Additionally, Paul Mears Insurance Group, with 16 employees across three North Carolina locations, joined TWFG on May 1, 2025, expanding TWFG's presence to nine locations in the state.
Notably, Denise Davis, former owner of Denise Davis Insurance, has been appointed as Vice President of Retail Operations at TWFG. In this role, she will leverage her industry and technological expertise to enhance operations across TWFG's network of over 500 locations in 33 states.
Positive
- Strategic expansion with two agency acquisitions strengthens market presence in Texas and North Carolina
- Addition of experienced leadership with Denise Davis as VP of Retail Operations
- Expansion to 9 locations in North Carolina through Paul Mears Insurance acquisition
- Retention of key leadership team from acquired agencies ensures continuity
Negative
- None.
News Market Reaction – TWFG
In the trading session that priced this news, TWFG gained 3.37%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
THE WOODLANDS, Texas, May 01, 2025 (GLOBE NEWSWIRE) -- TWFG, Inc. (“TWFG”, the “Company”), a high-growth insurance distribution company, announced today the acquisition of two agencies, one in Texas and one in North Carolina, and the hiring of Denise Davis as Vice President of Retail Operations.
Denise Davis Insurance, located in Tomball, Texas, converted to a TWFG Corporate Branch on April 1, 2025, after nearly 23 years as an independent TWFG Branch. This move allows Denise to take on the role of Vice President of Retail Operations at TWFG, where her industry and technological process expertise will bring scale and efficiency to our over 500 locations in 33 states.
Paul Mears Insurance Group, Inc. joined TWFG on May 1, 2025. The agency has 16 employees in three locations in Valdese, North Wilkesboro, and Morgantown, North Carolina, expanding the number of TWFG Insurance locations in the state to nine. The agency has been serving customers since 1989. Paul Mears, Kelly Bowers-Messenheimer and Adam Mears will continue to lead the agency and focus on growth.
About TWFG
TWFG (NASDAQ: TWFG) is a leading independent distribution platform for personal and commercial insurance in the United States, representing hundreds of insurance carriers. The Company provides innovative insurance solutions through its network of agents, carriers, and technology-driven distribution models. For more information, visit www.twfg.com.
For more information, please contact:
Investor Contact:
Gene Padgett
TWFG, Inc. - Chief Accounting Officer
Email: gene.padgett@twfg.com
PR Contact:
Alex Bunch
TWFG, Inc. – Chief Marketing Officer
E-mail: alex@twfg.com
