Business Moves

TWFG General Agency, Universal North America, Lincoln General

The Woodlands, Texas-based TWFG General Agency has entered into an agreement with Universal North America Insurance Co. to offer renewal policies to Lincoln General Insurance Co.’s Texas policyholders. Lincoln General’s current in-force policies will continue to be renewed through Aug. 31, 2009. Policies will begin renewing into Universal North America on Sept. 1.

Universal will renew approximately 15,000 Lincoln General policies by taking all Tier 1 x-wind, Tier 3 and the majority of Tier 2 policies, which includes Harris and Ft. Bend counties. Commissions will remain at 14 percent for new business and 14 percent for renewal. Agents will be provided with a list of their clients’ policies being renewed with Universal.

TWFG is supplying Universal with all policy information. Universal will offer a renewal policy and billing options at renewal while mortgage companies will continue to be billed as normal.

Policyholders will also receive the benefit of numerous cross-selling opportunities through Universal for auto, umbrella, and flood insurance with multi-policy discounts available for each. In addition to comprehensive standard coverage, Universal offers a wide range of coverage options such as Home Equipment Breakdown Protection to help meet your customer’s specific individual needs.

To address the Tier 2 policies not being renewed by Universal, TWFG has entered into an agreement with Lexington Insurance Co. to provide product options for these policyholders.

A.J. Gallagher, Sellers

Arthur J. Gallagher & Co., headquartered in Itasca, Ill., has acquired the Sellers Group LLC, an employee benefit broker in The Woodlands, Texas. Terms of the transaction were not disclosed.

Established in 1997, Sellers Group offers a full range of group employee benefit products and consulting services. The firm specializes in providing health care insurance, benefit plan administration, group benefits planning, retirement benefits, and business succession and funding strategies for small to large client partners in the south central United States.

Terry Sellers and his associates will continue to operate from Sellers’ Texas and Searcy, Ark., locations under the direction of John Neumaier, South Central Regional executive vice president of Gallagher’s employee benefit consulting and brokerage operations.