Alliant acquires New York employee benefits provider

Specialty insurance broker Alliant Insurance Services Inc. on Thursday announced it has acquired New York-based employee benefits provider The Camps Group L.L.C.

A spokeswoman for Newport Beach, California-based Alliant said the company does not disclose the terms of deals.

The Camps Group provides a range of benefits products and services, including medical and ancillary plans, wellness initiatives and voluntary benefits, as well as administrative services and financial and retirement products, Alliant said in a statement.

The Camps Group will join Alliant's employee benefits group, where it will be rebranded over time, the spokeswoman said in an email Thursday.

The Camps Group's executive team, client services team and business development team will relocate to Alliant's New York office, Alliant said in the statement. The Camps Group's principals Jay Vogel and Don Rapaport will join Alliant as vice presidents, according to the statement.

Jeffrey Camps, the third principal and founder of The Camps Group, will no longer be affiliated with the business as part of the agreement, the spokeswoman said.

“The Camps Group brings a diverse client roster, strong New York presence, talented team, and proven track record of delivering value-laden employee benefits products and services,” Alliant CEO Tom Corbett said in the statement.

“Joining forces with Alliant provides enhanced access to resources and people that will both strengthen our programs and expand our reach,” The Camps Group's Mr. Vogel said in the statement.

In January, Alliant acquired Pittsburgh-based Sagewell Partners, a disability and life consulting firm.

Alliant was the 12th-largest broker of U.S. business, according to Business Insurance's latest ranking.