National distributor acquires three agencies
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Huntington Beach, California-based national insurance distribution company Confie Seguros Holding II Co. said Monday it has acquired Dallas-based Insurance King Auto Agency L.L.C., West Seneca, New York-based Schunke Insurance Agency Inc., and Bellport, New York-based Reynolds & Reynolds Agency Inc.
The terms of the deals were not disclosed.
Insurance King Auto Agency is a family-owned company that writes personal lines insurance. Schunke Insurance Agency is an independent insurance agency that writes personal lines and small commercial insurance. Reynolds & Reynolds Agency writes personal lines insurance.
King Auto, Schunke Insurance, and Reynolds & Reynolds will retain their current staff and leadership. For now all three brokerages will keep their names, according to a Confie spokesman.
Valeria Rico, CEO of Confie said, “With the addition of Schunke Insurance Agency and King Auto Agency, we continue our expansion in New York and Texas. We are also very pleased to establish our first location on Long Island with the acquisition of (Reynolds & Reynolds Agency) a quality business that for over 40 years has served the local community in the Montauk area.”
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