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Draft:Bluefire Insurance

From Wikipedia, the free encyclopedia

Bluefire Insurance is an Irving, Texas-based managing general agent specializing in low-cost auto insurance. The company primarily serves independent insurance agencies. Founded in 2008, Bluefire operates under the parent company Confie.[1][2][3]

History

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Bluefire Insurance was established in 2008, aiming to provide affordable auto insurance solutions to independent agents and their clients. The company has developed a reputation for offering competitive rates, particularly in the auto insurance sector. In response to financial hardships experienced by policyholders during the COVID-19 pandemic, Bluefire announced a temporary rate reduction of 10% on renewal policies[4], effective from May 15 through November 14, 2020.[5] This initiative was part of a broader effort to assist customers during challenging times. Additionally, a similar 10% reduction was offered for new policies issued between May 15 and August 15, 2020.[6]

Business model

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Bluefire Insurance focuses on empowering independent insurance agents by providing competitive commissions, innovative technology, and comprehensive training.[7] The company emphasizes its commitment to helping agents grow their businesses while serving their communities effectively.[8]

Parent company

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Bluefire Insurance is a brand operated by Confie, a managing general agency based in Irving, Texas. Confie has announced the acquisition of Sanborn’s Insurance, which will be integrated into the Bluefire Insurance brand. This acquisition is part of Confie's broader strategy within the insurance sector.[9]

References

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  1. ^ "Bluefire Insurance - Low-Cost Auto Insurance for Independent Agencies | Bluefire Insurance". Bluefire. 2019-03-15. Retrieved 2024-12-03.
  2. ^ Jones, Stephanie K. (2020-05-19). "Bluefire Insurance Announces 10% Temporary Auto Rate Drop in Louisiana". Insurance Journal. Retrieved 2024-12-03.
  3. ^ https://www.theinsurer.com/news/mga-bluefire-assumes-risk-with-axa-xl-collateralized-reinsurance-deal/
  4. ^ Mukhopadhyay, Akankshita (2023-06-13). "Confie expands portfolio with acquisitions of Sanborn's Insurance and Atlantic Insurance Agency - Reinsurance News". ReinsuranceNe.ws. Retrieved 2024-12-03.
  5. ^ Grant, Anton (2023-06-12). "Confie Expands Portfolio with Two Acquisitions". FF News | Fintech Finance. Retrieved 2024-12-03.
  6. ^ "Axa XL and Bluefire complete transaction". www.royalgazette.com. 2020-07-10. Retrieved 2024-12-03.
  7. ^ "Bluefire Insurance". Coverager - Insurance news and insights. Retrieved 2024-12-03.
  8. ^ Team, Collective (2024-06-06). "Print & Mail Bluefire Insurance & Covenir Success". Covenir. Retrieved 2024-12-03.
  9. ^ "Bluefire Insurance Financial Overview, Employee Count, and Competitors". Apollo.io. Retrieved 2024-12-03.