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
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