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Alliant acquires New Jersey-based program manager


Alliant Insurance Services said Wednesday it has acquired Mahwah, New Jersey-based Trivedi Capacity Associates, a program manager that focuses on commercial risks, particularly in the community association and condominium association markets.

Terms of the transaction were not disclosed.

Trivedi and its HARP risk purchasing group will become part of Preferred Concepts, a real estate-focused managing general underwriter within the Alliant Underwriting Solutions programs division.

Alliant said in a statement that Trivedi offers a range of niche-focused coverages to associations including umbrella coverage, directors and officers liability, crime and workers compensation.

Trivedi employees will join Alliant. Information on their total was not available.