Alliant adds Idaho broker to Americas divisionReprints
Alliant Insurance Services Inc. on Tuesday said it has acquired Summit Insurance Resource Group.
Summit owner Angela Oakes, along with the entire Summit management team and staff, will join Alliant and continue to service clients from its Sandpoint Idaho, offices.
Other terms of the transaction were not disclosed.
The addition of the smaller brokerage is the latest in a series of planned acquisitions throughout eastern Washington and northern Idaho as Newport Beach, California-based Alliant continues to add high-performing regional firms to its growing Alliant Americas division, Alliant said in a statement.
Summit, which employs seven people, offers a range of products and services that includes homeowners, auto, business, health, life, recreational, umbrella/excess liability and more, according to Alliant.
Alliant says Summit will operate as part of Alliant Americas, which provides the middle market with regionally focused insurance products and services through a dedicated platform. The continued expansion of the division has provided Alliant with the flexibility to partner with regional insurance agencies spanning a breadth of sizes and specialties, united by a shared commitment to service and entrepreneurialism, according to the statement.
“Summit’s strong commitment to service, entrepreneurialism, and product choice is an ideal fit for our organization as we continue to expand our service offerings to clients in the region,” Tom Corbett, chairman and chief executive officer of Alliant, said in the statement.
Alliant Insurance Service is the 12th-largest broker of U.S. business, according to Business Insurance’s latest ranking.