History
James Wallace, an insurance agent and former senior executive with Anthem/Wellpoint
and Conseco Inc, founded TWG Capital in June 2000. Since inception, TWG Capital
has provided capital to entities representing more than 5,000 agents and comprising
nearly 550,000 policies with 113 carriers.
TWG Capital is headquartered in Indianapolis, Indiana, with offices in other areas
of the country.
Company Highlights
August 2008: TWG Capital expands its services to Property & Casualty agents.
Now offers complete credit and capital solutions for all insurance products.
August 2007: TWG Capital, in conjunction with Fifth Third Bank, MidAmerica
Bank, Cardinal Growth and Stark Investments, completes $100 million expanded credit
facility.
December 2006: TWG Capital announces creation of Insurance Receivables 7,
anticipated first quarter 2007. Also increased warehouse facility to $50 million.
August 2006: TWG Capital, in conjunction with Cardinal Growth Partners, creates
expanded $25 million warehouse purchase facility.
March 2006: TWG Capital develops large-scale surplus relief facility for
senior market insurance carriers.
November 2005: TWG Capital funds leveraged buyout of Marketing General Agents,
Inc., a noted affinity group manager for senior health services headquartered in
Seattle, Washington; originated assets surpass $200 million.
October 2005: TWG Capital develops $200 million commission-fronting fund
for Medicare Part D carriers.
December 2004: TWG Capital acquires Long Term Preferred Care Inc. and establishes
office in Nashville, Tennessee; originated assets surpass $180 million.
August 2004: TWG Capital opens Insurance Receivables 6.
March 2004: TWG Capital acquires Senior Health Division Inc., opening Insurance
Receivables 5 and expanding originated assets to approximately $54 million.
June 2003: TWG Capital secures $5 million working capital facility from Cardinal
Growth Partners and opens Insurance Receivables 4.
July 2002: TWG Capital expands office and relocates headquarters to present
facility in Indianapolis, Indiana.
January 2002: TWG Capital secures $5 million purchase facility from Textron
Financial Corp.
July 2001: TWG Capital opens third purchase facility, Insurance Receivables
3, expanding originated assets to approximately $30 million.
January 2001: TWG Capital closes first purchase facility, Insurance Receivables
1, and opens Insurance Receivables 2, totaling approximately $12 million in originated
assets.
December 2000: TWG Capital secures $1 million working capital facility from
White River Venture Partners.
June 2000: TWG Capital is founded.