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July 22
Alliant Insurance Services Acquires Todd Garibaldi Insurance Agency, Inc.

Alliant strengthens Agribusiness specialty with Central California investment

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, today announced the acquisition of Todd Garibaldi Insurance Agency, Inc. (TGI). The transaction is part of the company’s growth plan via acquisition and focus on specialty industries such as agribusiness, construction, public entity, energy, tribal nations, and employee benefits.
“A proven success story in California’s Central Valley, TGI continues the ongoing growth of Alliant’s Agribusiness offering,” said Tom Corbett, Chairman and CEO of Alliant. “This acquisition affirms our commitment to combining best-in-class products and services with local market knowledge and targeted industry expertise.”
TGI is the second agribusiness-focused agency Alliant has acquired in 2015. Solidifying its preeminence within the California agribusiness and food processing risk management arena, Alliant now has 10 offices in California dedicated to farmers and growers with six of the offices located within the Central Valley.
“The growth of our Agribusiness offering has been exponential,” stated John Day, Managing Director, Agribusiness and Food Services, Alliant Insurance Services. “Todd Garibaldi and his team at TGI strengthen our position as the leading provider of risk management services in Ag today. Todd has an outstanding reputation and is an excellent complement to our existing construction group in Lodi.”
“Alliant provides our clients with admission to a wider array of risk mitigation tools, insurance and surety products, and significant technological tools,” says Garibaldi. “Alliant has a deep understanding of the agribusiness community’s needs and I am excited about the additional resources immediately available to clients.”
Garibaldi will join Alliant as Senior Vice President, Agribusiness and Food Services. Todd Garibaldi Insurance Agency, Inc. will become Todd Garibaldi Insurance Agency, a division of Alliant Insurance Services, Inc. and will continue to provide client services without interruption in Lodi, CA. Terms of the acquisition were not disclosed.
About Todd Garibaldi Insurance Agency, Inc.
Located in Lodi, CA, Todd Garibaldi Insurance Agency has a diverse clientele – farmers, wineries, and restaurants, as well as fruit and vegetable growers, packagers, and processors. Garibaldi began operations in 2002 and provides risk advice on a full range of insurance products including crop, general liability, workers’ compensation, automobile, life, and property insurance. The firm also assists clients in understanding and purchasing comprehensive employee healthcare insurance.
July 02
Alliant Insurance Services continues expansion of MGA practice, acquires Preferred Concepts

Fourth MGA acquisition of 2015 brings real estate underwriting and wholesale brokerage expertise to Alliant

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, a leading insurance program underwriter and wholesale broker with offices in New York, New Jersey, and Connecticut. This is Alliant’s fourth MGA acquisition of 2015.

“As the MGA business continues to experience growth nationwide, Alliant has made a commitment to expanding its reach through the acquisition of companies with proven industry expertise,” said Tom Corbett, Chairman and CEO of Alliant. “Preferred Concepts has the underwriting discipline and broker-centric service that defines Alliant and solidifies our leadership position in both the real estate and MGA business.”

Founded in 1989, Preferred Concepts provides leading-edge insurance solutions to the real estate industry through its three operating units:

  • Preferred Underwriting, a program underwriter offering proprietary policies, including primary general liability, property, package, and high-limit umbrella liability. Preferred Underwriting’s programs are available nationally and are uniquely structured to address all real estate industry product types.
  • Preferred Brokerage, a wholesale brokerage providing property and casualty solutions custom designed for complex risks in various industries. The operating unit employs industry specialists dedicated to delivering creative and cost-effective solutions to retail brokers.
  • ezumbrella.com, an online platform that enables agents to quote, bind, and issue A++ XV rated umbrella liability insurance. The program offers limits up to $25 million for the real estate, manufacturing, retail, wholesale, service, hospitality, and restaurant industries.

Preferred Concepts will join Alliant subsidiary Alliant Specialty Insurance Services (ASIS), the company’s MGA and program administrator. Under the leadership of Sean McConlogue, ASIS partners with an expansive network of retail agents across the country to distribute its various products to a broad base of middle-market clients.

“For more than 25 years, Preferred Concepts has been dedicated to providing retail brokers with powerful and sophisticated solutions that address the ever-changing risks of the real estate industry,” said Stuart Farber, Chairman and CEO of Preferred Concepts. “Alliant’s national reach and extensive resources are an ideal fit for our service platform and will enable us to continue our commitment to leadership in program business.”

In January 2015, Alliant acquired US Agencies, a family of three specialty-focused MGAs serving the community association, transportation, and earthquake markets. Alliant remains actively committed to pursuing additional acquisitions within the MGA space.

The executive leadership team of Preferred Concepts will continue to operate the company under its existing name and the client services and business development teams of the company will remain in place. Terms of the acquisition were not disclosed.
June 24
Mobile technology propels Alliant Insurance Services into InformationWeek Elite 100

Prestigious list recognizes America’s top business technology innovators

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has joined the prestigious InformationWeek Elite 100 list recognizing America’s top business technology innovators. As one of the nation’s most innovative insurance agencies, Alliant was recognized for using mobile technology to enhance customer service and streamline communications.

“In an environment where crucial business decisions are made in real time, an effective insurance partner must communicate and collaborate quickly across time zones and outside of the traditional office environment,” said Ilene Anders, Chief Information Officer of Alliant. “Most importantly, we believe mobile technology provides a gateway to the most critical component of the customer service experience: people.”

The centerpiece of this initiative is the AlliantConnect Mobile app, which gives Alliant’s customers 24/7 access to vital insurance information and service personnel. Clients can interact with a service professional, manage their documents, access informational materials, and reference policy changes. Featuring a simple interface and intuitive design, AlliantConnect Mobile represents an evolution of the company’s AlliantConnect web-based customer portal.

“Whether our clients are facing a crisis or using insurance information to make a timely business decision, AlliantConnect Mobile places powerful intelligence in the palm of their hand,” said Anders.

The InformationWeek Elite 100 places Alliant in the company of some of America’s most recognizable innovators across a breadth of industries including insurance, biotechnology, aerospace, communications, electronics, and others.

This is InformationWeek’s 27th year identifying and honoring the nation's most innovative users of information technology. The InformationWeek Elite 100 research tracks the technology-based investments, strategies, and results of some of the best-known organizations in the country. Unique among corporate rankings, the InformationWeek Elite 100 spotlights the power of business technology innovation. Additional details on the InformationWeek Elite 100 can be found online at http://www.informationweek.com/elite100.

June 23
Alliant Insurance Services announces significant investment from Stone Point Capital

​Funds managed by Stone Point to become Alliant’s largest institutional shareholders

KKR and Alliant employees to remain significant shareholders in Alliant 

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, today announced a significant equity investment from funds managed by Stone Point Capital LLC. In connection with the transaction, funds managed by Stone Point will become Alliant’s largest institutional shareholders. Following the transaction, Alliant’s existing shareholders, which include the company’s management and producers as well as funds affiliated with KKR, will remain significant shareholders in the business.
“This new partnership is a significant and positive move for Alliant, as it represents the expansion and diversification of our private equity support,” said Tom Corbett, Chairman and Chief Executive Officer of Alliant. “Stone Point will be a valuable resource to our organization as we continue to pursue growth opportunities across all aspects of our business. We are honored to stand alongside Stone Point and KKR in a true multifaceted partnership.”
“We are delighted to be partnering with the Alliant management team and KKR. We have known Tom Corbett, Ralph Hurst, and Greg Zimmer for many years, and we believe they have built a highly successful and differentiated business that delivers specialized solutions for clients,” said Chuck Davis, Chief Executive Officer of Stone Point.
“We have enjoyed a fantastic partnership with the Alliant team over the last three years. We have tremendous respect for the franchise that the Alliant team has built and we are excited to continue working with them alongside Stone Point in the future,” said Tagar Olson, Member of KKR and Head of the financial services investment team.
KKR made the investment from its North American XI fund.
About KKR
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com.
About Stone Point Capital LLC
Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised six private equity funds – the Trident Funds – with aggregate committed capital of approximately $13 billion. In addition to the capital invested by the Trident Funds, Stone Point has secured approximately $7 billion of equity co-investments since 2001. Stone Point targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies. For additional information about Stone Point, please visit Stone Point’s website at www.stonepoint.com.
June 17
Jon Ostrau joins Alliant Insurance Services

New York-based sales leader to oversee delivery of insurance and risk management solutions to the middle market

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that Jon Ostrau has joined its Alliant Americas division as Senior Vice President. He will be responsible for the delivery of risk management and insurance solutions that meet the diverse needs of middle market companies throughout the U.S.

“Alliant is committed to providing midsized businesses with a powerful mix of service, industry expertise, and innovative thinking that moves them forward,” said Tom Corbett, Chairman and CEO of Alliant. “Jon Ostrau has a keen understanding of the unique dynamics that drive these businesses and will be instrumental in solidifying Alliant Americas as the middle market’s insurance partner of choice.”

Ostrau has more than 25 years of experience leading sales and service teams in the property and casualty market. He has delivered insurance-based solutions to companies across a vast array of industries, including real estate, manufacturing, construction, financial services, telecommunications, media, entertainment, and others. Ostrau also has extensive experience with mergers and acquisitions, having delivered transactional liability insurance coverage for a broad range of deal sizes and structures. 

“Jon’s diverse experience with both traditional and non-traditional insurance-based solutions will be central to the continued growth of Alliant’s middle-market platform,” said John Beres, Executive Vice President and Managing Director, Alliant Americas – East. “As the nation’s midsized businesses continue to face new and evolving challenges, Jon offers a forward-thinking approach that will help our clients grow their operations unburdened by risk.”

Prior to joining Alliant, Ostrau led new business and client retention efforts for a large, national insurance brokerage firm.

Alliant launched Alliant Americas in January 2014 to expand the company’s presence in the middle market through strategic acquisitions and investments. Alliant Americas provides midsized businesses with targeted insurance products and services through a dedicated national platform.

Ostrau will be based in the New York office of Alliant.

June 03
​Alliant Insurance Services Acquires Mary Roach Insurance Agency
Alliant strengthens Agribusiness and Food Services specialty

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, today announced the acquisition of Mary Roach Insurance Agency, Inc. (MRI). As a leading provider of crop insurance to the agribusiness community, the acquisition of MRI is consistent with the Alliant strategic growth plan to focus on growing organically within specialty groups.
“As one of the West’s most esteemed crop insurance providers, MRI’s longstanding commitment to excellence within the agribusiness community melds seamlessly with Alliant’s strategy of growing our business through the acquisition of influential, industry-leading firms,” said Tom Corbett, Chairman and CEO of Alliant Insurance Services.
Highly touted for being singularly focused on providing farmers with crop insurance, both multi-peril and named peril programs, Roach founded MRI over 20 years ago and possesses more than 30 years of experience in delivering first rate crop insurance products to agricultural companies throughout the western United States.
“Mary Roach is one of the most widely respected crop insurance brokers in the country,” affirmed John Day, Managing Director, Agribusiness and Food Services, Alliant Insurance Services. “Her leadership, knowledge, and expertise within ag and food services and the crop insurance field are unmatched. Expanding into the crop insurance field completes our fully developed slate of ag risk management solutions for farm organizations.”
“Joining Alliant allows my clients access to a broad base of talented agribusiness consultants and a full range of risk management and surety solutions,” says Roach. “My team and I will continue our mission to be the most informed, trustworthy, and professional providers of crop insurance while introducing additional advice to growers on ways to better protect their overall operations. We will continue to provide world class service to our growers and producers while ensuring they have access to the most effective and innovative risk management solutions in the industry.”
Roach will be instrumental in building the crop insurance specialty across the Alliant enterprise. The Agribusiness specialty at Alliant is dedicated to growers, packers, shippers, manufacturers, and farm labor contractors.
Roach will join Alliant as Senior Vice President, Agribusiness and Food Services. MRI will operate as Mary Roach Insurance Agency, Inc., a division of Alliant Insurance Services, Inc. MRI will be located in Fresno, California.
June 02
​Alliant Insurance Services names Jeffrey Strassner Managing Director

Skilled advisor to build commercial surety operations

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that Jeffrey Strassner has joined its Construction Services Group as Managing Director, Surety. Strassner is charged with expanding the commercial surety expertise at Alliant and delivering contract surety advice to construction firms across the United States and abroad.

“To attract an individual of Jeff’s reputation and caliber clarifies Alliant's position as the premier contract surety broker in the United States,” stated Peter Arkley, Senior Managing Director of Alliant Insurance Services. “His experience and versatility in managing complex surety programs for major corporations and construction is remarkable.”

“The ability to deliver first rate contract and commercial surety advice allows Alliant to assist clients in the uninterrupted execution of their business plans,” said Mike Cusack, Senior Executive Vice President of Alliant Insurance Services. “We work with an impressive and growing list of the best contractors in the world. They trust our advice and rely on our surety advisors and strength to add value to their bottom lines. Jeff will help expand our surety offering to include Fortune 1000 companies, as well as enhance our position as the contractors’ broker of choice.”

Strassner joins Alliant with 28 years of experience in construction, commercial, environmental, and international surety. Based in the Los Angeles office, Strassner will continue to work hand-in-hand with construction and architect and engineering firms.

Prior to joining Alliant, Strassner was a Managing Director at a large retail insurance broker. He also has experience as a surety underwriter with Safeco Insurance.

Strassner holds a bachelor’s degree in business administration from San Diego State University and is a member of the Construction Financial Management Association (CFMA) as well as the Associated General Contractors of America (AGC).

June 02
​Alliant Insurance Services enhances international surety expertise

Alliant Construction Services Group names David C. Moylan Managing Director

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that David C. Moylan has joined its Construction Services Group as Managing Director of International Surety. Moylan will lead the expansion of the Alliant international surety network and extend the firm’s public, private partnership capabilities.

“Many of our clients have international operations and are building in regions of the world where the utilization of surety is increasing,” said Mike Cusack, Executive Vice President of Alliant Insurance Services. “David’s surety expertise and his ability to strategize with clients to capitalize on complex international bonded obligations creates value for contractors and has an immediate impact on our clients’ ability to secure broader surety support for larger, overseas projects. As the largest contract surety broker in the U.S., adding David to our deep bench of surety advisors strengthens our global surety presence.”

Moylan, a seasoned veteran in the global surety marketplace, has been providing strategic surety consulting advice and account executive leadership to construction firms for 37 years. Prior to joining Alliant, Moylan was Chairman of an international surety practice for one of the largest construction brokers in the world. As a thought leader, Moylan’s expertise is frequently called upon by industry organizations seeking insight on public, private partnerships, surety, design-build, and construction risk.

Moylan holds a bachelor’s degree in finance from Pennsylvania State University, and an MBA from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh.

Moylan will be based in the Columbia, Md. office of Alliant.

June 01
Alliant Insurance Services enhances surety analytics capabilities

​Jim Bly named Managing Director of Subcontractor Default Insurance and Surety Analytics

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that James ‘Jim’ Bly has joined its Construction Services Group as Managing Director of Subcontractor Default Insurance and Surety Analytics. Bly will also have responsibility for the Alliant construction operations in Pittsburgh.
“Jim has a proven history of assisting contractors in the prequalification, development, and management of successful contractor default insurance programs. Combined with his contract surety experience, Jim is an excellent choice to lead Alliant’s efforts in developing our surety analytics offering,” said Mike Cusack, Executive Vice President of Alliant Insurance Services. “Data is driving many of the daily decisions contractors make. Jim has the charge in delivering meaningful data to our contractor base.”
Bly has over 34 years’ experience in serving contractors in the greater Pittsburgh area and will continue to provide risk management advice on contractor default insurance, surety, and wrap-ups, in addition to detailing the potential benefits of contractor captives.
Prior to joining Alliant, Bly was the Regional Construction Practice Leader at a large retail broker. Bly holds a bachelor’s degree in business administration from Geneva College; he is also a certified public accountant and holds a CPCU certification. Bly is a board member of the Construction Financial Management Association (CFMA) and the Pennsylvania Institute of Certified Public Accountants (PICPA).
Bly will be based in the Pittsburgh office of Alliant.
May 14
Alliant continues expansion efforts with addition of insurance veteran Tim Ward

​Company seeking top-tier brokerage talent from around the nation

NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that Tim Ward has joined the company as Assistant Vice President, Business Development. A 40-year insurance veteran, Ward will continue the company’s initiative to attract top brokerage talent from around the U.S. as part of its national expansion campaign.
“Alliant is expanding its reach across all facets of the business, and Tim will lead the charge to bring top producers to our talented brokerage team,” said Peter Carpenter, Chief Operating Officer of Alliant Insurance Services. “This will continue Alliant’s commitment to deploying the best talent in the business to service our clients.”
This initiative comes amid an historic period of expansion for Alliant. In addition to completing a number of acquisitions, the company has grown to encompass more than 70 offices throughout all major markets of the United States. Ward’s objective will be to contribute to this growth by attracting top-tier brokerage talent.
“As the specialty insurance leader, Alliant is the premier destination for producers with an established track record of success,” said Carpenter. “We are proud that Alliant employs a dynamic, entrepreneurial corporate culture where producers take full ownership in their clients’ success.”
Ward brings a broad array of insurance experience spanning sales, management, consulting, and acquisitions. Prior to joining Alliant, Ward built integrated absence management, return to work, and health and productivity programs for Fortune 500 companies with one of the nation’s largest providers of financial protection benefits. He has extensive experience growing sales departments for both regional and national insurance operations with an eye for attracting best-in-class brokerage talent.
Ward holds a bachelor’s degree from the University of Denver. He will be based in the New York office of Alliant.
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