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Alliant Insurance coverage Providers has acquired the worker advantages division of Eugene-based firm PBC Insurance coverage, strengthening its operations within the US state of Oregon.
Monetary phrases of the transaction weren’t revealed.
Established in 1993, the brokerage firm presents P&, life and monetary companies, that are excluded from the deal.
PBC Insurance coverage additionally focuses on group well being, dental and imaginative and prescient insurance coverage, alongside FSA (Versatile Spending Account) and HRA (Well being Financial savings Account) programmes. It additionally specialises in group life and incapacity insurance coverage.
The entire workforce of the PBC Worker Advantages unit will likely be built-in into Alliant and can proceed to function from Eugene.
Alliant Insurance coverage Providers chairman and CEO Tom Corbett stated: “PBC’s intent concentrate on their purchasers and talent to simplify employer’s experiences with insurance coverage packages aligns intently with how Alliant does enterprise.
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“PBC’s integrity and lengthy, profitable historical past in Eugene additionally make our partnership optimum.”
PBC Insurance coverage president Shelli Littlefield stated: “Alliant’s dedication to consumer service and neighborhood together with shared tradition, values and imaginative and prescient was a major driver of our choice for the Worker Advantages Division to hitch their dynamic forward-thinking workforce.”
Concurrently, Alliant has introduced plans to bolster its Louisiana brokerage workforce.
On this regard, the corporate named Buzz Mansfield senior vice-president inside the Alliant Americas division.
With greater than three a long time of expertise in industrial insurance coverage and threat administration, Mansfield is well-versed within the Louisiana market.
Within the new place, he will likely be primarily based in Lafayette, Louisiana, specializing in property and casualty insurance coverage options for the south-east buyer base.
Most not too long ago, Mansfield served as senior vice-president at a regional insurance coverage brokerage and consulting firm in Lafayette, Louisiana.
Alliant Insurance coverage Providers govt vice-president and senior managing director Bob Bennetsen stated: “Buzz’s long-standing expertise in insurance coverage, threat administration, enterprise improvement and strategic planning will assist us additional increase our footprint within the Louisiana market.
“He’s a service-driven skilled who understands the distinctive threat dynamics dealing with purchasers at present.”
In an analogous deal executed in December final yr, Alliant acquired Acceptance Insurance coverage Company of Tennessee from First Acceptance in a deal valued at as much as $120m.
The acquired enterprise offered non-standard auto insurance coverage and associated choices through employee-agents working from 288 leased retail websites throughout 13 states within the US.
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