Confie Secures $220M Credit Facility for Continued Expansion

Article 0 Comments Personal lines insurance broker Confie said it has closed on a new $220 million credit facility, led by Goldman Sachs and Barclays. In addition to the refinancing, Confie said it has a $90 million revolving credit facility which is undrawn and will be used to finance future […]

Confie’s Rothberg Exits California-Based Nonstandard Auto Insurance Giant

Article 0 Comments Adios Mordy Rothberg. One of the men behind Confie Seguros, a nonstandard auto insurance giant with an emphasis on serving Hispanic consumers that has been on an agency buying spree since it started in 2008, is calling it quits. Rothberg, founder and president of Confie, said he […]

Auto Insurance Broker Confie Battles JC Flowers Over Failed Acquisition

Article 1 Comments It took just 78 days for a deal involving billionaire J. Christopher Flowers to blow up. Confie Seguros Holding II Co., an owner of auto-insurance brokerages that cater to Hispanic drivers with spotty credit, paid $100 million for another brokerage that had ties to Flowers — just […]