Alliant Insurance Services has acquired One Source Risk Management, an insurance brokerage firm with offices in the US and Canada.
One Source provides clients with catastrophic loss protection without increasing credit exposures.
The firm’s global operations and service centre headquarters are centrally located in Houston, Texas. It also has offices in the US and Canada.
The acquisition will see the launch of a new industry vertical within Alliant Specialty, Alliant Trade Credit. Peter Arkley, president, Alliant Specialty, says: “We are excited to launch this new vertical and look forward to offering our clients One Source’s cost-effective and profit-enhancing solutions.”
“The need for credit and political risk offerings will continue to grow as we enter 2021, and Alliant is well positioned to meet the demand,” Arkley adds.
One Source president George Babeu notes: "The One Source team is pleased and excited to be part of the Alliant organisation. Having Alliant as our parent will help us continue to expand our footprint throughout North America and dramatically broaden our product offerings and value to our clients."
The terms of the agreement were not disclosed.
