US-based insurance distribution company Alliant Insurance Services has launched Alliant Commercial Surety, a new national platform targeting the commercial surety market.
The practice will be spearheaded by Alliant Specialty senior vice president Orlando Aguirre, who is based in Houston, Texas.
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Aguirre and his team will focus on surety programmes that offer cost savings, increased surety credit capacity, and liquidity solutions for both public and private sector clients.
The establishment of Alliant Commercial Surety is in line with Alliant’s efforts to strengthen its surety foothold.
With a history of working with more than 400 commercial surety clients, Aguirre brings experience from the energy, healthcare, and commercial surety industries to his new role.
Before joining Alliant in 2021, he managed surety operations across Texas, Louisiana, and Oklahoma for a leading national brokerage.
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By GlobalDataHis expertise includes creating products that enhance clients’ liquidity by substituting letters of credit with more innovative options.
Alliant Specialty executive vice president Michael Cusack said: “Orlando has demonstrated exceptional leadership within our Energy & Marine surety business, displaying the energy and vision needed to establish Alliant’s presence in the commercial surety arena.
“Alliant is dominant in the contract surety space. Formalising our commercial surety practice will further the specialised expertise we offer clients through creative and bespoke solutions that address growing risk complexities across all industries.”
Alliant’s growth has also been marked by a series of acquisitions, including the purchase of Advanced Benefits, an Idaho-based employee benefits consultancy, and Vinsa Insurance Associates, a property and casualty insurance agency with a focus on public entity organisations.
Additionally, Alliant acquired Property Owners Protection Insurance Company, a captive programme manager serving the residential real estate sector, earlier this year.
