In the News | IMA announces formation of Towerstone

The IMA Financial Group, Inc. is pleased to announce the formation of Towerstone, Inc., a wholesale insurance broker and managing general agency with extensive experience in a broad spectrum of industries, with expertise in energy and construction.  Towerstone is the result of the merger of Energy Risk Associates, Inc. (ERA) with the recently acquired assets and employees of R.A. Stough, LLC, d/b/a PWIB Texas.

Founded in 1997, ERA has been a wholesale insurance broker specializing in the energy industry. PWIB Texas has been a wholesale broker and managing general agency since 2004, specializing in the placement of property and casualty insurance with strong construction capabilities. The union produces a strong force in the market, providing an even broader array of expertise, markets and services.

Bringing over thirty years of industry experience to the company, Robin A. Stough serves as President of Towerstone. Robin launched his insurance career in 1977 as an underwriter with American International Group, realized great success as a top casualty wholesale broker, and has served in leadership positions for national wholesale insurance brokerages for the past ten years.  Prior to joining Towerstone, Robin was President of PWIB Texas, and is currently a director for the Texas Surplus Lines Association.

Steven “Pat” Ashcraft, Executive Vice President and Energy Practice Director, will continue to lead Towerstone’s energy division.  Pat has specialized in the placement of insurance for the energy industry since 1980. He has extensive knowledge of the oil and gas exploration and production business, which enabled ERA to become a premier broker for the energy industry. Pat also has significant knowledge of mid-stream oil and gas field operations including natural gas pipeline and transmission operations, pipeline and plant compression operations, natural gas treating and natural gas liquids production. Pat has been a Lloyds of London Coverholder for well control and property risks since 1985.

Towerstone has offices in Dallas and San Antonio, Texas.  For more information about Towerstone, see www.towerstonecorp.com or please contact Robin Stough at 972-759-2370 (robin.stough@towerstonecorp.com).