Alliant buys real estate investment insurance firmReprints
Alliant Insurance Services Inc. has acquired real estate insurance specialist SES Insurance Brokerage Services Inc., the Newport Beach, California-based broker announced Wednesday.
SES will become part of Alliant Specialty Insurance Services, the brokerage’s managing general agent and program administrator, as will approximately 37 employees. SES will keep its name and executive team, including chief executive officer Bill Schrum. Other terms of the deal were not disclosed.
Santa Ana, California-based SES provides risk management, technology and other services to financial institutions and real estate investors, Alliant said in a statement. Its portfolio includes master policies, excess earthquake and flood and excess liability, along with a portfolio management system to manage properties and insurance policies.
“SES’ proven combination of service, relationships, and technologies will provide a powerful advantage to Alliant as we continue to expand the reach and impact of our ASIS division,” Tom Corbett, chairman and CEO of Alliant, said in the statement.
Alliant Insurance Services is the 12th-largest broker of U.S. business, according to Business Insurance’s latest ranking.