U.S. insurance company Kemper Corporation has sold its retail property and casualty insurance agency portfolio, Newins Insurance Agency Holdings, LLC, to personal lines insurance distribution company Confie.
Newins Insurance Agency Holdings’ distribution footprint includes exclusive agency and store locations. The business was acquired by Kemper in 2021 as part of the American Access Insurance Company transaction.
The acquisition includes 72 retail properties and casualty locations in Illinois, Texas, Nevada, Arizona and Indiana, markets where Confie already maintains a strong presence, expanding its ability to serve customers locally.
The company operates in a limited number of states under the Illinois Auto, A-Abana and Access Auto Insurance brands. Under the terms of the acquisition, all employees associated with the business have been transferred to Connie as part of the transaction.
With this expansion, Confie continues to expand its multi-channel distribution model, which combines retail, call center and digital capabilities to provide greater choice and convenience to customers looking for insurance solutions tailored to their needs and budgets.
Additionally, the acquisition reinforces Confie’s commitment to organic growth through strategic partnerships and acquisitions, further strengthening its position in the personal lines insurance distribution space.
C. Thomas Evans, Jr., interim chief executive officer (CEO) of Kemper Corporation, commented: “This transaction is consistent with our focus on improving the performance of our core business. It allows us to further focus on our independent dealer distribution channel for specialty vehicles and direct our resources to areas where we believe the greatest long-term value opportunities exist. We have a strong relationship with Confie and believe in their ability to support the continued growth of Newins’ business.”
Cesar Soriano, CEO of Confie, added: “This acquisition strengthens our position in key markets and allows us to further expand the way we serve our customers. Kemper will remain a valuable operator partner as we continue to support customers in these markets.”
Chad Maxwell, executive vice president of M&A at Confie, concluded: “This is a highly strategic acquisition that expands our geographic reach while adding a strong, well-known brand in a key market. The Newins product portfolio complements our existing platform and positions us for continued growth through organic expansion and future acquisitions.”
