Filed Under: [ Business ] [ Hispanic News ] [ Blogante Business ]
Tags: insurance
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Veteran insurance brokerage builder John Addeo is launching a new personal lines brokerage that will focus primarily on the Hispanic consumer.
New York-based Confie Seguros has secured $75 million in capital from San Francisco-based private equity firm Genstar Capital L.L.C., the brokerage’s management team and a bank facility. Its capacity is expected to be more than $200 million, the firm said in a statement Tuesday.
Within the next three years, Confie Seguros plans to build—via acquisitions—a national personal lines brokerage firm with revenues exceeding $300 million that specializes in the Hispanic community.”*
*From: http://www.businessinsurance.com
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