Insurance bosses snap up $6 million mansion

Insurance bosses snap up $6 million mansion | Insurance Business

Insurance bosses snap up $6 million mansion

The senior executive couple behind the Florida-based agency Del Toro Insurance have purchased a $5.7 million mansion on the Coral Gables Waterway.

Angel and Elena Del Toro purchased the waterfront house located at 380 Isla Dorada Boulevard in the Cocoplum neighborhood.

Angel Del Toro is the CEO of Del Toro Insurance, while Elena is senior vice president. Founded in 1998, the company specializes in distributing automobile insurance products across the South Florida marketplace.

Real estate news outlet The Real Deal reported that Juan Reinaldo Perez and Zoila Perez sold the mansion to the Del Toros. According to records, the Perez family purchased the property in 1987 for $250,000, but the current version of the mansion was first built in 1992 then completed in 1995.

Spanning 10,000 square feet, the mansion was initially listed in 2009 for $8.6 million. Years of price changes later, its most recent asking price was $6 million as of June 2020. It has six bedrooms, five and a half bathrooms, and it even boasts a 45-foot dock.

On its website, Del Toro Insurance has a form for local insurance agencies looking to sell their operations. It said that it is “actively seeking to expand its network of agency locations,” with a preference for agencies that have an auto insurance book of business and are located in the South Florida area – specifically in Miami Dade County, where Del Toro is based.