Thursday, November 30, 2023

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Alliant Re launched, offers captive reinsurance solutions

Alliant Insurance Services has launched Alliant Re, a reinsurance brokerage division, which will include offering captive reinsurance solutions.

Alliant Re will leverage proprietary data and analytics, industry relationships and insurance expertise to navigate market conditions and provide customised risk transfer solutions to protect insurers from large losses.

Reinsurance solutions offered by Alliant Re include facultative insurance, automatic and semiautomatic reinsurance structures, deductible buy-downs, captives, managing general underwriters (MGU) and individual risk placements and programs.

“It is critically important for insurance carriers to have effective risk transfer solutions in place to protect against unforeseen and catastrophic losses, which are happening all too frequently,” said Tom Corbett, Chairman and CEO of Alliant.

“Our established reinsurance brokers have the relationships and experience to help ensure clients have the financial resources to pay out large claims when appropriate and remain viable in the insurance market.”

Alliant Specialty boosted its captive capabilities in September 2022 when it hired Pete Kranz, formerly captive practice leader at Brown & Brown, as a senior vice president to lead its risk finance and strategic consulting solutions.

Alliant Insurance Services is one of America’s leading distributors of diversified insurance products and services, operating through a network of specialised national platforms and local offices.