Confie Seguros has acquired NII Brokerage, an agency with 26 offices concentrated in Upstate New York.
Confie Seguros is a private equity-backed firm that is building a nationwide brokerage business focusing on Hispanic insurance buyers.
The firm said NII’s significant presence in New York serves as a platform for Confie Seguros to expand throughout the Empire State, as well as into Connecticut and Pennsylvania.
With the addition of NII, the company said it will generate about $150 million in annual revenues.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Swiss Re Shares Drop After New Profit Target Falls Short of Expectations 
Viewpoint: Healthcare Cyber Insurance at an Inflection Point 
Trump to Issue Order Creating National AI Rule 
Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch 
