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Member, Beacon International Group, Ltd.
NEWPORT BEACH, Calif.Alliant Insurance Services Inc. said it has acquired New York-based T&H Group Inc., Alliant’s second acquisition in a month.
T&H is a regional property/casualty and benefits brokerage that ranked 33rd on Business Insurance’s 2010 list of the 100 largest brokers of U.S. business. Alliant was ranked 11th.
In a statement this week announcing the acquisition, Alliant said T&H, previously Tanenbaum-Harber Co. Inc. until changing its name last year, primarily targets upper middle-market clients in the eastern United States. It has 242 employees in nine states.
T&H Group is headed by Chairman and CEO Walter Harris, who will serve as vice chairman of Alliant and become a member of Alliant’s senior management team, Alliant said in the statement.
Terms of the deal were not disclosed.
The T&H acquisition was Alliant’s second major purchase in less than a month. In late December, it said it had acquired ArlenGroup, an employee benefits firm with offices in San Francisco and Walnut Creek, Calif.