Confie Seguros, a national group of personal lines insurance brokers, has agreed to acquire the retail distribution arm of Affirmative Insurance Holdings Inc., known as the Retail Agency Group.
The Retail Agency Group operates 195 retail locations in Louisiana, Alabama, Texas, Illinois, Indiana, Missouri, Kansas, South Carolina and Wisconsin and has nearly 400 sales agents.
The addition of Affirmative’s retail locations increases Confie’s offices to approximately 530.
The transaction enhances Confie’s geographic diversification and establishes a platform for the company in the Midwest and Southeast that the company said will allow for additional strategic acquisitions.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Kansas Man Sentenced for Insurance Fraud, Forgery 
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
Gun Accessory Company to Pay $1.75 Million to Buffalo Supermarket Shooting Victims 
