Alliant adds to surety operations

Alliant Insurance Services Inc. has bolstered its surety operations with the acquisition of L A Surety Solutions LLC, and Pinnacle Surety and Allied Bonding, Alliant said in separate statements Wednesday.

 

Terms of the agreements were not disclosed.

 

Louisville, Kentucky-based L A Surety will broaden Alliant’s surety presence in the Southeast and add six surety specialists to Alliant. Founded in 2013, L A Surety provides bid, performance, payment, maintenance, supply, court, license & permit, and miscellaneous bonds, the statement said.

 

Pinnacle Surety and Allied Bonding has offices in Costa Mesa, California, and Boise, Idaho, and will add 14 surety specialists to Alliant, the second statement said.

 

Founded in 1994, Pinnacle provides contract, license and permit, subdivision and court bonds, and can provide a 24-hour turnaround on bond program pre-qualifications and approval for bid bonds.

 

Michael Cusack, co-chief operating officer of Alliant Specialty, said “Pinnacle Surety provides a powerful online platform” and complements Alliant’s existing Newport Beach surety operations and strengthens surety offerings in Idaho.

 

Alliant Insurance Services, headquartered in Newport Beach, California, is the 9th-largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.