Alliant Insurance coverage Companies 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 affords 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 whole group of the PBC Worker Advantages unit might be built-in into Alliant and can proceed to function from Eugene.
Alliant Insurance coverage Companies chairman and CEO Tom Corbett mentioned: “PBC’s intent give attention to their shoppers and skill to simplify employer’s experiences with insurance coverage applications aligns carefully 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 mentioned: “Alliant’s dedication to shopper service and neighborhood together with shared tradition, values and imaginative and prescient was a main driver of our determination for the Worker Advantages Division to hitch their dynamic forward-thinking group.”
Concurrently, Alliant has introduced plans to bolster its Louisiana brokerage group.
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 danger administration, Mansfield is well-versed within the Louisiana market.
Within the new place, he might be primarily based in Lafayette, Louisiana, specializing in property and casualty insurance coverage options for the south-east buyer base.
Most just lately, Mansfield served as senior vice-president at a regional insurance coverage brokerage and consulting firm in Lafayette, Louisiana.
Alliant Insurance coverage Companies government vice-president and senior managing director Bob Bennetsen mentioned: “Buzz’s long-standing expertise in insurance coverage, danger administration, enterprise growth and strategic planning will assist us additional increase our footprint within the Louisiana market.
“He’s a service-driven skilled who understands the distinctive danger dynamics dealing with shoppers at present.”
In an identical 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.
