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Alliant Insurance Services Inc. said Wednesday it acquired Los Angeles-based hospitality risk management brokerage Dumortier Risk Management Inc.
Terms of the transaction were not disclosed.
Chris Chang, president of Dumortier, will join Alliant as an executive vice president, Newport Beach, California-based Alliant said in a statement. Dumortier has eight employees, an Alliant spokeswoman said.
Founded in 2002, Dumortier represents more than 200 hotel owners and developers. All of the agency’s professionals have joined Alliant’s real estate group in its Los Angeles office.
Alliant is the 11th-largest broker of U.S. business, according to Business Insurance’s latest ranking.
Alliant Employee Benefits, a division of Alliant Insurance Services Inc., said Monday that pharmacy industry veteran Sal Morana is joining the Newport Beach, California-based brokerage in the newly created position of senior vice president and pharmacy practice lead-hospitals and health systems.