Confie Seguros, Capital Insurance
Hispanic market-focused insurance agency network Confie Seguros acquired Capital Insurance Agency of Trenton, N.J.
Capital Insurance has been in business since 1935 and specializes in personal insurance lines, as well as commercial insurance.
Confie Seguros CEO Joe Waked said the latest acquisition would help strengthen the company’s focus on New Jersey and the surrounding region. Confie Seguros also recently added Jayla Insurance Agency as a fold-in acquisition for its Paterson, N.J. office.
Confie Seguros said it has acquired four firms thus far in 2013 and that it expects to complete more transactions.
Established in 2008, Confie Seguros is a California-based national insurance distribution company focused on the insurance needs of Hispanic consumers.
Univest, John T. Fretz Insurance
Univest Corp. of Pennsylvania and its insurance subsidiary, Univest Insurance Inc., acquired John T. Fretz Insurance Agency Inc.
John T. Fretz Insurance Agency has been a family owned and operated property/casualty insurance agency since 1935, with offices in Souderton and Lansdale, Pa.
Univest said the acquisition expands the company’s insurance business and market share in its primary service area of Montgomery County, Pa.
John T. Fretz Insurance Agency employees will join Univest and will be located in Univest Insurance’s Lansdale office and in a new location expected to open in Souderton later this summer. The acquired firm will operate under the name Univest Insurance Inc.
AssuredPartners, Alan James Insurance
AssuredPartners of Florida has acquired the assets of Alan James Insurance, a Ft. Lauderdale, Fla.-based insurance broker specializing in insurance for the south Florida real estate market. The agency is led by Alan Chesler and James Hartman and provides property/casualty insurance to building owners, condominium associations, and homeowners associations throughout south Florida.
Alan James employees and operations will continue to operate from their existing location in Sunrise, Fla.
Headquartered in Lake Mary, Fla., AssuredPartners Inc. is a company of Chicago-based private equity firm GTCR.
Keystone Insurers Group
Property and casualty insurance franchisor, Keystone Insurers Group, will begin adding partner agencies in Illinois during the fourth quarter of 2013. Illinois will become the ninth state represented in the Keystone group of independent agencies.
Initially Keystone will add about 10 Illinois agencies as franchise partners. All will continue to operate as independently owned agencies, retaining their names but operating under the Keystone umbrella.
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