Personal Lines ALL IBR | Personal Lines Personal Lines Home |News |White Papers |Suppliers |Companies Return to: IBR Home | General Insurance | Personal Lines Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Personal Lines News Confie Seguros purchases Texas State Low Cost Insurance IBR Staff Writer Published 15 May 2013
US personal lines insurance provider Confie Seguros has completed acquisition of Texas State Low Cost Insurance Agency for an undisclosed amount.
The purchase of Austin-based Texas State Low Cost Insurance reflects the company's aim to expand its distribution network beyond existing locations in San Antonio and Houston, US.
Founded in 1978, Texas State Low Cost Insurance is led by CEO/President, Michael Morris, and offers personal and commercial insurance from 43 locations, while holding a strong footprint on Texas I-35 Corridor comprising Austin, West Texas and East Texas.
Despite the transaction, Morris will continue as president of Sales, while Kelly Myers will serve as general manager.
Confie Seguros CEO Joe Waked said retention of Morris and Myers in management positions will help the company to further build its presence throughout Texas.
''In addition to providing additional scale to our Texas operations, Texas State Low Cost has a long-standing reputation that will provide opportunities for us to identify strategic fill-in acquisitions throughout the state of Texas," Waked added.
Morris said, "This transaction represents a great fit for our employees, and Confie will be a great partner with the resources to help us grow both organically and through additional acquisitions.''
Founded in 2008 and based in California, Confie Seguros operates as an insurance distribution company mainly focused on the needs of Hispanic consumers and has created a national portfolio of regional auto insurance brokerages.
The company is planning to complete a multitude of important transactions in the second half of 2013, in an effort to continue expansion of its national presence.
Share:
Latest News Confie Seguros purchases Texas State Low Cost Insurance General Insurance > Personal Lines > News Argo Pro to serve growing professional liability insurance needs in San Francisco General Insurance > Personal Lines > News PURE set to add new policyholders in Kentucky General Insurance > Personal Lines > News MMIC receives approval from Oregon Insurance Department to acquire UMIA General Insurance > Personal Lines > News Aetna to complete purchasing of Coventry Health Care General Insurance > Personal Lines > News Related News Related SectorsGeneral Insurance> Personal Lines
Related Dates
2013> May
Related Industries
Financial Services> Insurance> Non-Life Insurance> Personal Insurance> Property
Comments Post a comment
Comments may be moderated for spam, obscenities or defamation.
Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Personal Lines News Related Insight Suppliers Directory Spotlight Suppliers By Sector A-Z ROOM Solutions - Insurance Software and Consultancy Services ROOM Solutions is a provider of global software and consultancy services to the commercial insurance and reinsurance sector. General Insurance > Personal Lines > Suppliers
General Insurance Commercial Lines Personal Lines Claims Insurer
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk # ABCDEFGHIJKLMNOPQRSTUVWXYZ
Personal Lines Intelligence Latest White Papers Latest Research Buy the latest industry research online today! Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report
ICD Research's "Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report" is a crucial resource for industry executives and anyone looking to access key information about Deutsche Bank AGICD Research's "Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report" report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report. Buy online from $125
Sign up for the latest IBR news and features as well as other industry newsletters.
IBR Website Usage About us Accessibility Advertise with us Contact us Help Privacy RSS feeds Site map Dining Club Browse By Sector Browse By Network Business Review Sites General Insurance IntermediariesTechnology Brokerage Claims Commercial Line Insurer Life Insurance and Pensions Londonlloyds Outsourcing Personal Lines Regulatory and Risk Reinsurance Technology in Insurance Underwriting
Auto Banking Clean Technology Drinks Energy Food Insurance Logistics Medical Devices Packaging Pharmaceutical Retail Technology Webinars © IBR 2010. Part of Progressive Digital Media Group Plc
No comments:
Post a Comment