Confie Seguros, a rapidly growing national provider of personal lines insurance, announced the acquisition of two additional insurance brokerages: DeFranco Insurance Agency, Inc. of Niagara Falls, NY and Insurance Group of American, Inc. d/b/a City Insurance of Palm Springs, FL.
The addition of these two agencies is part of Confie’s continued strategy to build out its geographic footprint throughout New York State and Florida and solidify its position as a leading national insurance broker. Confie has completed 23 acquisitions in the last 12 months.
DeFranco Insurance Agency, Inc. specializes in the delivery and service of personal lines insurance products to Niagara Falls, NY. DeFranco Insurance Agency was founded in 1970 by Murry DeFranco and has been a family run business. City Insurance was established in 2003 and specializes in the delivery and services of non-standard auto insurance serving Palm Springs and West Palm Beach, FL. The staffs and locations of the agencies remain in place to deliver the same professional standards of service that has existed since each agency founding.
Joe Waked, CEO of Confie Seguros, said, "These two agencies which have long established reputations in their respective communities were sourced through our robust acquisition pipeline to enhance our presence in New York and Florida. We look forward to providing our insurance products with the help of the talented teams of these two new groups."