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Alliant Insurance Services Inc. said Tuesday that David Alvarado and his team have joined Alliant.
This move is part of a transition of certain books of business from Edgewood Partners Insurance Center to Alliant Insurance Services. This includes customers of David Alvarado, Alliant said in a statement.
Mr. Alvarado will be based out of Alliant's San Francisco office and serve as senior vice president of the construction services group, according to the statement.
Previously, Mr. Alvarado was managing principal of EPIC's construction and real estate practice, according to the statement.
“The Construction Services Group is thrilled to have David and his team joins Alliant in our San Francisco office,” Tom Corbett, chairman and CEO of Alliant Insurance Services said in the statement. “As the Bay Area construction industry continues to see significant growth, David's team will be an invaluable asset for us.”
The Teamsters Central States, Southeast and Southwest Areas Pension Plan's proposed restructuring would slash the Rosemont, Illinois-based multiemployer plan's benefit obligation by 22.6%, or $11 billion, if approved by federal regulators.