JLT Specialty Insurance Services is set to purchase part of Alliant Insurance Services, namely the energy business that focuses on larger and more complex major and international accounts, some of whom are existing international clients of JLT Group.
This agreement follows JLT Group’s recent announcement of its intention to expand its US specialty capabilities into key specialty areas, including energy, construction, financial lines, credit, political and security, and aerospace.
The agreement will enable Alliant to focus more of its efforts within the energy space on those areas where it sees the most opportunity to continue to deliver growth.
Commenting the acquisition, Mike Rice, CEO of JLT Specialty Insurance Services, said: "This is a further exciting development in the build-out of our US specialty capabilities into the energy arena where JLT is already one of the strongest specialty players around the world.”
Tom Corbett, chairman and CEO of Alliant, added: "The transaction aligns with our company’s strategy for delivering targeted growth in the energy sector.”
“We are excited about our continued activity in the energy space and will continue to expand our energy portfolio through organic growth, acquisitions, and outstanding service."
