HOUSTON, Aug. 19, 2013 /PRNewswire/ -- The University of Houston-Downtown (UHD) has appointed Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, to its Insurance and Risk Management Center's Advisory Council serving the UHD College of Business.
Wendall Braniff, J.D., director of the Insurance and Risk Management Center, requested Bunch's participation in developing a new IRM Certificate program at the university, stating, "Your insurance expertise and knowledge of the industry give you a unique perspective that will help us to chart a course for the future of the IRM program." UHD Insurance and Risk Management Certificate Programs include the IRM Property-Casualty Insurance Certificate, IRM Risk Management Certificate, IRM Life Insurance Certificate, and IRM Health/Benefits Insurance Certificates.
As founder, president and CEO of TWFG, Bunch was an Entrepreneur of the Year nominee in Houston. With more than 20 years of experience in the insurance industry, he did his "basic training" as a Texas Farm Bureau agent, an Associate General Agent with American National, and as Manager of Financial Services and Retail Director with Prudential. He launched TWFG, his insurance and financial services company, with $10,000 capital in The Woodlands, Texas in 2001. Today, TWFG is ranked high on the list of the Top 100 privately-held Property/Casualty agencies and is the 13th largest Personal Lines leader with almost 307 retail branches in 20 states and affiliations with 3,000 independent agents in 38 states. TWFG writes policies in 49 states from its headquarters in The Woodlands. Bunch credits his personal pledge and promise, "Our Policy is Caring," for TWFG's success with customers, agents, and employees. In 2012, he was elected to the board of directors of his local government, The Woodlands Township, a community of more than 100,000 people, located north of Houston.
TWFG was recently honored by FEMA as one of three award winners in the National Flood Insurance Program for activities that promote flood awareness and adherence to NFIP underwriting guidelines. His original TWFG business model, combining both wholesale and retail products, allows him to offer lower cost products to clients, resulting in a 28 percent growth rate in 2012. He projects 25 percent growth for TWFG's current year with a long-term plan to reach one billion dollars in sales.
SOURCE The Woodlands Financial Group