New York — Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, acquired auto insurance brokerage Alamo Auto Insurance. The acquisition of San Antonio-based Alamo expands Confie Seguros' presence beyond its platform in California, and continues its pace toward building the leading national insurance distribution company primarily focused on the needs of Hispanic consumers, the company says.
Confie Seguros is building a national distribution company focusing on eight to 10 of the most densely populated Hispanic markets, including California, Arizona, Florida, Texas, Illinois and Nevada. The acquisition of Alamo continues the implementation of the company's business plan outside of California. Alamo has more than eight brokerage locations, bringing the total number of Confie Seguros retail brokerage stores to nearly 90 in California and Texas.
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