Assistant General Counsel nabs second consecutive award for Alliant legal team
NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that Jennifer Baumann has received the prestigious First Chair Award for excellence in legal counsel. Baumann, who was recognized in the category of Top Assistant General Counsel, is the second member of Alliant’s legal team in as many years to receive the award.
“Jennifer is a dynamic professional who is daily setting high standards for excellence in legal counsel and insurance,” said Tom Corbett, Chairman and CEO of Alliant. “She has made a powerful and lasting commitment to our organization and is a true reflection of our commitment to excellence, innovation, and leadership.”
As Assistant General Counsel and Vice President, Baumann engages in all aspects of Alliant’s legal matters, including corporate, M&A, regulatory, licensing, intellectual property, litigation, and equity. Her work has been integral to Alliant’s aggressive expansion efforts over the past year, as the firm has made numerous acquisitions within its employee benefits, middle market, MGA, and specialty property and casualty divisions.
Baumann received dual bachelor’s degrees in English and Spanish Linguistics from the University of California, Irvine and her Juris Doctorate from the University of San Diego School of Law.
Baumann is the second consecutive First Chair Award winner from Alliant, with General Counsel and Senior Vice President Ken Zak receiving 2014 honors.
The First Chair Awards recognition program is an annual selection of in-house counsel who have made significant contributions to the legal community over the past year through hard work and innovation. First Chair honorees are selected by a committee of attorneys from top law firms who have been recognized as leaders in their area of practice.
Baumann will be honored at the First Chair Awards Conference & Gala on September 2 in Chicago, where she will also participate in a panel discussing women leadership in the legal field.
Skilled advisor adds expertise to Construction Services Group
NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that Julio “Jay” Moreno, Jr. has joined its Construction Services Group as Senior Vice President out of Alliant’s Atlanta, Georgia metro area offices to provide strategic advice for industry specific programs and risk management services.
“Construction activity continues to increase in the southern United States and Alliant is committed to expanding our expertise and providing superior service to our clients,” said Peter Arkley, Senior Managing Director, Alliant Insurance Services. “Jay’s experience and knowledge in managing sophisticated risk management programs make him a highly valuable asset to our team and we look forward to working with him.”
Moreno joins Alliant with more than 20 years of risk management experience as an established sales executive for construction, real estate, and general service clients. His central focus with Alliant will be as a large account broker assisting clients requiring high-level risk management expertise. The addition of Moreno bolsters Alliant’s national presence as part of a continued expansion.
Prior to joining Alliant, Moreno was a Sales Executive with a large property and casualty broker where he was responsible for new client development and acquisition within the large account sector. Moreno attended Florida State University and holds a Bachelor of Science degree in Risk Management and Insurance.
Benjamin Butler, Charlie King, and Andrew Stergiou recognized among
the industry’s top young talent
NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that Benjamin Butler, Charlie King, and Andrew Stergiou have been honored in Business Insurance’s sought-after 40 Under 40 Broker Awards. The program recognizes the top young insurance brokers across the United States for outstanding service, leadership, and industry expertise.
“The contributions of our young and talented producers play a significant role in Alliant’s continued progress,” said Tom Corbett, Chairman and CEO of Alliant. “Each of these dynamic young professionals are top performers through the delivery of remarkable client service and innovative solutions that transcend insurance.”
Butler, King, and Stergiou were recognized for excellence in servicing a diverse array of clients, including tribal nations, energy companies, contractors, associations, and others:
- Benjamin Butler, First Vice President, Alliant Specialty Insurance Services (Dubuque, Iowa), is a preeminent healthcare expert within the tribal space and an advocate for Indian country.
- Charlie King, First Vice President, Alliant Energy and Marine (Houston), is an influential young leader with an extensive book of high-profile energy clients.
- Andrew Stergiou, Vice President, Alliant Americas (New York), is a construction and association program business specialist with a strong expertise in captives.
The three newly minted honorees join a growing fraternity of 40 Under 40 winners from Alliant that includes 2014 recipient Michael Jahner, Vice President, Alliant Americas and 2013 winner Schuyler Briscoe, Vice President, Alliant Employee Benefits.
Business Insurance’s 40 Under 40 program recognizes leadership attributes, client service skills, and expertise among retail insurance brokers younger than 40. The program is divided into four regions of the United States with 10 honorees per region. Their excellence is being celebrated at four regional receptions hosted by Business Insurance in October. A reception will be held Oct. 13 in Atlanta, Oct. 15 in New York, Oct. 20 in Los Angeles, and Oct. 22 in Chicago.
Employee benefits specialist to service diverse roster of clients in the Beltway and beyond
NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that Reed VanOrsdel has joined the company’s Employee Benefits Group as Vice President. The Maryland-based employee benefits expert will focus on business development, revenue growth, and plan design and implementation for a diverse roster of clients within the Beltway and throughout the United States.
“As one of the region’s top consultants, Reed designs innovative employee benefits solutions that address the physical and financial health of the client’s organization,” said Kevin Overbey, Senior Executive Vice President and Senior Managing Director, Alliant Employee Benefits. “His expertise will be essential to the growth of our practice within the Northeast region and on a national scale.”
A seasoned benefits professional with experience on both the carrier and brokerage sides of the business, VanOrsdel works closely with clients in a broad range of industries to deliver customized solutions that align directly with both financial and organizational goals. Prior to joining Alliant, he was a top-performing Benefits Consultant within the Bethesda, Md. office of a large, regional insurance brokerage.
VanOrsdel holds a bachelor’s degree in business marketing and politics from Marymount University in Arlington, Va.
He will be based in the Bethesda, Md. office of Alliant.
Bennetsen to take the helm of Alliant Americas amid ongoing expansion efforts
NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has selected Robert Bennetsen to lead its growing Alliant Americas division. As Executive Vice President and Senior Managing Director, Bennetsen will spearhead Alliant’s effort to expand its presence in the middle market through strategic acquisitions and organic growth.
“The middle market represents a significant area of opportunity for Alliant and its growing roster of clients,” said Tom Corbett, Chairman and CEO of Alliant. “With Bob leading the charge, I am confident that we can set a bold new standard for service and expertise as we expand the reach and influence of Alliant Americas.”
Bennetsen joins Alliant Americas with a diverse insurance background that spans both the carrier and brokerage sides of the business. He previously served as Executive Vice President and Managing Director of Alliant Employee Benefits, overseeing its Northeast operations. He will employ this proven, growth-oriented approach to his new position with Alliant Americas.
“Alliant has a considerable strategic advantage within the middle market. Our powerful national platform and vast resources position us to offer a fully integrated approach to servicing midsized businesses,” said Bennetsen. “In combining my perspective from the employee benefits space with Alliant’s longstanding success in multiple specialty verticals, we have the opportunity to offer a level of service and sophistication that is unique to the middle market, addressing all aspects of our clients’ business from its assets to its people to its business plan.”
Alliant launched Alliant Americas in January 2014 as a dedicated middle market platform. The division provides midsized businesses with targeted insurance, risk management, and consulting services through a national network of offices. Alliant Americas services clients in a breadth of industries and disciplines, providing a total solution that goes beyond insurance to improve business outcomes.
Alliant Americas is currently engaged in an aggressive expansion campaign, acquiring high-value companies throughout the United States with a proven history of growth and a strong management team. The division has made several significant acquisitions since its launch and continues to evaluate new opportunities in markets throughout the U.S.
Based in the New York office of Alliant, Bennetsen will provide strategic direction on the division’s expansion efforts, in addition to overseeing business development, operations, and employee development for Alliant America’s national platform.
Commercial market veteran to deliver P&C and workers’ compensation programs to the middle market
NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that Patrick McIntyre has joined its Alliant Americas division as First Vice President within the Sacramento, Calif. office. He will be responsible for the delivery of property and casualty and workers’ compensation programs to middle market companies spanning a broad array of industries and disciplines.
“Patrick is one of California’s foremost commercial lines experts, delivering solutions that meet the diverse needs of midsized businesses,” said Jim Castle, Senior Executive Vice President and Managing Director, Alliant Americas – West. “As our clients face changing risks and exposures, Patrick has the vision and expertise to deliver solutions that safeguard all aspects of their operations.”
McIntyre has more than 30 years of experience within the commercial market serving a broad range of industries, including agriculture, hospitality, golf and country clubs, construction, and others. He also has extensive experience delivering various risk management solutions such as claims management and review, site evaluation, loss control, service plans, complete coverage analysis, and exposure reviews.
Prior to joining Alliant, McIntyre was Senior Vice President with a large regional insurance and financial services company handling commercial lines and specializing in large alternative risk programs.
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.
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.
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.
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.
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.
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