Forces combine to Change Hispanic Insurance Market
EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage and consultancy, announced today a partnership with Dowling Capital Partners (DCP) and Premier Insurance Services, focusing on the personal insurance needs of the Hispanic market in the West and Southwest regions of the United States.
The platform for the new EPIC and DCP venture (Protector Holdings, LLC) is retail insurance broker Premier Insurance Services, Inc. Premier Insurance Services, Inc. is an agency founded by President Alex Kabir to serve the unique insurance needs of the Latino community across California. Since its formation in 2004 with a single office in Bakersfield, CA, Premier has grown to 15 locations across the state and is now the ninth largest non-standard automobile broker in California.
Kabir will work closely with Protector Holdings CEO Paul Areida to expand the Premier brand across the Western and Southwestern United States.
“There is a tremendous opportunity in the Hispanic insurance market,” says Areida. “Historically, a few large agencies have controlled much of this business, but this is rapidly changing. Carriers, vendors, salespeople and our Latino communities are all looking for a better, more effective alternative. Alex Kabir, the Premier team and I will provide a strong, viable option with the financial, operations and market relations support of EPIC and Dowling Capital Partners.”
Kabir adds, “The Premier team has built a strong reputation of professionalism, service and value. We are poised to expand significantly to better reach and serve our Latino customers. The support of EPIC and Dowling Capital Partners and the formation of Protector Holdings make it possible to capture the current opportunities and expand our market share. I am very excited to join with Paul Areida and Protector Holdings in this effort.”