Alliant bolsters actual property experience with POPIC acquisition

Alliant Insurance coverage Providers has introduced its acquisition of Property Homeowners Safety Insurance coverage Firm, LLC (POPIC), a captive program supervisor specializing in serving the multifamily and single-family residential actual property sectors.

Headquartered in Costa Mesa, California, POPIC gives danger administration options that funnel income streams, historically directed in direction of carriers or third events, again to property homeowners and managers. POPIC’s suite of companies consists of the structuring of captives, program administration, and tenant compliance administration.

The mixing of the POPIC crew into Alliant’s AUS division marks a major enhancement of Alliant’s capabilities in the actual property sector. Phrases of the acquisition weren’t disclosed.

Greg Zimmer, chief govt officer at Alliant, praised POPIC’s contribution to the trade, emphasizing the corporate’s success in aiding property homeowners and managers in dealing with danger successfully to reinforce their income.

“POPIC has a confirmed monitor document of serving to massive property homeowners and managers assume reasonable and manageable danger to develop their earnings,” Zimmer mentioned.

He additionally highlighted the variety and experience of the POPIC crew, which incorporates CPAs, attorneys, and insurance coverage and underwriting professionals, bringing a wealth of expertise and a consultative method to Alliant’s underwriting apply.

Invoice Mecklenburg, senior managing director at Alliant Underwriting Options, additionally famous the distinctive place POPIC has carved out available in the market.

“The POPIC crew has differentiated itself within the market by combining sturdy institutional information with a extremely inventive and results-driven method,” Mecklenburg mentioned.

The acquisition is aimed toward enabling Alliant Underwriting Options (AUS) to diversify its companies additional and lengthen its attain inside the residential actual property program administration sector.

Noah Molnar, CEO of POPIC, expressed optimism about becoming a member of Alliant, highlighting the advantages of the merger for its shoppers.

“Becoming a member of forces with Alliant gives our crew with expanded capability and a deep nicely of assets, which can assist us present a fair greater stage of service and responsiveness to multifamily shoppers nationwide,” Molnar mentioned.

The acquisition is simply the newest in a string of developments to bolster Alliant’s actual property experience. Earlier this month, the brokerage introduced the appointment of Tim Edwards as senior vp to proceed the actual property growth.

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