San Francisco-based Confie Seguros, a portfolio company of Genstar Capital, has appointed Joseph Waked as its CEO, while the firm prepares itself for the next phase of growth as the national personal lines broker for auto, homeowners and small commercial insurance.
The company’s former CEO and co-founder, John Addeo will remain with the company as executive chairman and also continue to be involved in the firm’s strategic direction as well as evaluating select acquisitions.
Waked will focus on driving growth and raising capital, as well as spearheading acquisition efforts and subsequent integrations.
Prior to his new role, Waked served as a CEO and COO at Freeway Insurance, a subsidiary of Confie Seguros. He has been a key principal of the leadership and executive team since Freeway’s inception.
Waked said that the firm intends to double revenues in the next five years. Currently, under John’s leadership the company has reached to $200m in revenue.
Confie Seguros has an annual revenue of more than $180m with over 275 retail locations. It has branches in California, Arizona, Texas, Florida, Washington, Oregon, New York, New Jersey, and Nevada, US and expects to continue its expansion in Illinois, Georgia, and the Carolinas.