Archie Gall has been named CEO of Tricolor Insurance, an affiliate company of Dallas-based Tricolor, a used vehicle retailer focused on the Hispanic consumer market.
Tricolor Insurance, a provider of insurance for subprime vehicle owners, will roll out its new insurance offering throughout all of its markets in Texas and California.
With 30 years’ experience in the insurance industry, Gall has a track record of launching, growing and operating successful insurance agencies in Texas. Between 2005 and 2014, Gall grew his Austin-based operation to over 20 locations before it was acquired by Confie Seguros, a national non-standard auto insurance giant operating over 800 locations in 22 states serving the Hispanic market.
According to Tricolor, the nonstandard auto insurance industry comprises approximately 30% of the $140 billion personal auto insurance market. Agencies serving this customer segment often offset perceived cancellation risk by charging high origination fees. Tricolor eliminates these excessive agency fees – including point of sale, endorsement, and cancellation fees – using risk insights gained from its data-driven underwriting models.
Tricolor Insurance Agency, an affiliate of Tricolor Auto Group, currently serves as an agent for 10 nonstandard carriers and markets its services throughout Tricolor’s 28 dealerships and through its eight Ganas dealerships in southern California. Currently available only to Tricolor auto purchase customers, the company plans to extend its insurance offering to all vehicle owners later next year.
Headquartered in Dallas, Tricolor and its affiliate Ganas Auto Group operate 36 retail dealerships across 12 markets in Texas and California, as well as a shared services center in Guadalajara, Mexico.
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