Alliant Insurance Services has acquired Connecticut-based brokerage firm BridgePoint Risk Management for an undisclosed amount.
The acquired company specialises in customised commercial and personal risk management solutions for individuals, families, and business owners.
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It has offices in Ohio, Connecticut, Arizona, and Florida, and offers its customised products and services to clients across the US.
Commenting on the deal, Alliant chairman and CEO Tom Corbett said: “BridgePoint and its talented team of advisors have built an ironclad reputation for excellence based on their ability to listen to each of their clients and adjust to their rapidly evolving needs.
“Their diversity of expertise and unwavering commitment to service will provide an additional layer of strength to both our property and casualty and private client service teams.”
BridgePoint Risk Management owner and board member Cleves Delp said that the deal will help the company scale up its ability to offer customised insurance solutions to its clients.
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By GlobalDataHe said: “Alliant’s national platform, deep well of resources, and talented team of professionals will only enhance our ability to provide competitive, customised insurance solutions that protect successful families and businesses and generate long-term results.”
Following the deal, BridgePoint and its service teams will continue to provide services to its growing client base from their offices.
California- headquartered Alliant provides property and casualty, workers’ compensation, employee benefits, underwriting, surety, and financial products and services.
The company’s customer base consists of public entities, tribal nations, healthcare, energy, marine, and law firms, real estate, construction, and financial institutions, as well as agriculture, aviation, and environmental companies.
