Alliant Insurance Services Acquires Preferred Concepts

Specialty brokerage firm Alliant Insurance Services has acquired program underwriter and wholesale broker Preferred Concepts, its fourth MGA acquisition in 2015. Terms of the acquisition were not disclosed.

Preferred Concepts, with offices in New York, New Jersey and Connecticut, provides insurance solutions to the real estate industry, offering coverages through three operating units.

“As the MGA business continues to experience growth nationwide, Alliant has made a commitment to expanding its reach through the acquisition of companies with proven industry expertise,” says Tom Corbett, chairman and CEO of Alliant, in a statement. “Preferred Concepts has the underwriting discipline and broker-centric service that defines Alliant and solidifies our leadership position in both the real estate and MGA business.”

Preferred Concepts will join Alliant subsidiary Alliant Specialty Insurance Services (ASIS), the company’s MGA and program administrator. The executive leadership team of Preferred Concepts will continue to operate the company under its existing name and the client services and business development teams of the company will remain in place.