Business Moves

Confie, Affordable Insurance, US1 Insurance, Bridgepoint Insurance

Confie, a California-based personal lines distributor, has acquired three insurance agencies in the South: Affordable Insurance in Hendersonville, North Carolina; US1 Insurance in Miami; and Bridgepoint Insurance in McAllen, Texas.

Affordable was founded in 1999 and has focused on personal lines and small business insurance in the Carolina region.

US1 Insurance also is more than two decades old and specializes in auto, residential and small commercial coverage in Florida, including Spanish-speaking communities. It has a second office in Hialeah, Florida.

Bridgepoint Insurance and Permit Center is an insurance agency and a Department of Motor Vehicles center near the Texas border. Founded by David Cantu, it offers license and registration services, plus permit and retail insurance services.

Hub International, Insurance Management Co.

Global insurance brokerage Hub International Ltd. acquired Insurance Management Company (IMC).

Located in Erie, Pennsylvania, IMC provides commercial insurance and risk management services to commercial, industrial, institutional and construction risks. John Bloomstine, president, his sons and the IMC team will join Hub Three Rivers, which is headed by Chet Rhoads.

Hub is headquartered in Chicago.

Tropolis, 360 Risk Management, Modi Benefits, Fishman Agency

Private equity firm, Unity Partners, and Tropolis, an Ann Arbor, Michigan-based insurance brokerage, announced that Tropolis has completed the acquisitions of three insurance agencies in Southeastern Michigan.

The three businesses — 360 Risk Management, a commercial P/C agency with a focus on providing insurance and risk management solutions for restaurant businesses; Modi Benefits, a national benefits and risk management firm; and Fishman Agency, a provider of commercial insurance with a focus on recycling and waste management — are the first acquisitions for Tropolis since announcing its partnership with Unity Partners.

PCF Insurance Solutions, Montalvo Insurance Agency

PCF Insurance Solutions acquired the insurance business of Weslaco, Texas-based Montalvo Insurance Agency.

Montalvo offers personal and commercial insurance coverage including homeowners, auto, general and professional liability, workers’ compensation and bonds.

PCF is an insurance brokerage headquartered in Lehi, Utah.

Warner Pacific, Ashmore Agency

Warner Pacific completed its acquisition of the Texas-based general agency, Ashmore Agency Inc. Founded in 1984 by Elizabeth “Beth” Ashmore and her husband Will Ashmore, and headquartered in Lubbock, Texas, Ashmore Agency provides employee benefits consulting.

Beth Ashmore will continue to support the company as a consultant.

Warner Pacific, a general agency, serves insurance brokers and agents in California, Colorado, Oklahoma, Texas, Florida and Minnesota.

King Insurance Partners, Lincoln Insurance Group, Barnette and Coates

King Insurance Partners, based in Gainesville, Florida, has acquired Lincoln Insurance Group in McDonough, Georgia, and Barnette and Coates Inc., an agency in Henderson, North Carolina.

Lincoln offers auto, home, life and commercial insurance coverage. Barnette provides a full range of P/C insurance coverage, including auto, homeowners, commercial, condominium, farm and flood. It also has offices in Asheville and Smyrna.

ALKEME, Morris & Templeton

ALKEME, a national insurance broker, has acquired Morris & Templeton in Savannah, Georgia. Morris & Templeton offers commercial and personal insurance coverage, and has offices in Atlanta and Savannah.

ALKEME, based in California, is a full-service agency with offices in 16 states.

Crest Insurance Group, Provost Associates

Crest Insurance Group has acquired Scottsdale, Arizona-based Provost Associates. Provost specializes in the hospitality industry, serving more than 200 high-end hotel properties and 900 golf properties.

Crest is an insurance brokerage firm headquartered in Tucson, Arizona.