Alliant Insurance Services has acquired Property Owners Protection Insurance Company (POPIC).
POPIC is a national captive programme manager serving owners and managers of multi and single-family residential portfolios.
The move aims to enhance the Alliant Underwriting Solutions division's real estate products and underwriting capabilities.
Greg Zimmer, Alliant CEO, says: “POPIC has a proven track record of helping large property owners and managers assume moderate and manageable risk to grow their income.
“With a diverse team of certified public accountants, attorneys, insurance and underwriting professionals, POPIC brings extensive experience and a consultative approach to our growing underwriting practice.”
Bill Mecklenburg, senior managing director at Alliant Underwriting Solutions, adds: “The POPIC team has differentiated itself in the marketplace by combining institutional knowledge with a creative and results-driven approach.
“This will enable the company to further diversify our services and expand our reach in residential real estate programme administration.”
Based in California, POPIC’s risk management solutions redirect revenue streams that historically have gone to carriers or other third parties and back to property owners and managers.
The firm provides a suite of services to its clients, including structuring their captives, managing their programmes and administering tenant compliance.
Noah Molnar, POPIC CEO, comments: “Joining forces with Alliant provides our team with expanded capacity and resources, which will help us provide service and responsiveness to multifamily clients nationwide.”
