Alliant appoints new EVP for specialty lending follow

Alliant Insurance coverage Providers has introduced the appointment of Michael R Smith (pictured above) as government vp at Alliant Specialty, specializing in the monetary establishments business vertical.

Smith brings in depth expertise in assessing and managing the dangers related to massive mortgage portfolios, notably in originating and servicing them. In his new position, he’ll helm Alliant’s nationwide specialty lending brokerage follow, which was lately launched.

With over 20 years in mortgage banking and greater than 15 years within the insurance coverage sector, Smith makes a speciality of creating tailor-made insurance coverage options that combine with company insurance coverage packages.

These options typically embody complete threat administration methods that tackle varied protection wants similar to company insurance coverage, worker advantages, lender-placed insurance coverage, actual property owned (REO), and mortgage impairment.

Previous to becoming a member of Alliant, Smith served at Lockton Corporations, the place he was a senior vp. Throughout his tenure from Could 2022 to April 2024, he was based mostly in Dallas, Texas. His tasks included growing insurance coverage and threat administration options for monetary establishments, with a concentrate on properties and casualty, well being and welfare, and specialised insurance coverage wants for mortgage lenders.

His earlier roles in Lockton embody vp and AVP/producer, the place he developed his experience in dealing with lender-placed insurance coverage, REO, and property insurance coverage particularly tailor-made for the monetary sector.

Earlier than his stint in insurance coverage, Smith was a senior mortgage marketing consultant at Financial institution of America in Plano, Texas, from August 2005 to Could 2008, the place he gained vital lending expertise.

Ron Borys, managing director at Alliant Specialty inside Alliant Monetary Establishments, highlighted Smith’s capabilities as the latest addition to the agency.

“Michael is adept at forging dynamic, custom-made lender-placed insurance coverage options and threat administration methods throughout the enterprise. Alliant’s rising consumer base of lending establishments in specialised sectors will profit from Michael’s experience in serving this area of interest,” Borys mentioned.

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