National wholesale broker Worldwide Facilities said that John Addeo, the founder of three national insurance brokerage companies, will be joining its board of directors.
In 2008, Addeo partnered with private equity firm Genstar to found Confie Seguros, a nationwide insurance brokerage firm that specializes in serving the needs of the Hispanic community. When Addeo sold the company to ABRY Private Equity five years later, it had grown to operate in 10 states, with 300 retail sales outlets.
He is also the founder of USI Insurance Services Corp., now owned by Onex Partners, and Alliant Insurance Services Inc., acquired by KKR.
Addeo, whose career spans 40 years, said he will help expand Worldwide Facilities “both organically and externally through acquisition.”
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Experian Launches Insurance Marketplace App on ChatGPT 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
