Alliant Insurance Services launches reinsurance brokerage division

Alliant Insurance Services launches reinsurance brokerage division | Insurance Business America

Insurance News

Alliant Insurance Services launches reinsurance brokerage division

MD moves across from Aon to lead the new division

Insurance News

By
Miko Pagaduan

Alliant Insurance Services, one of the nation’s leading distributors of diversified insurance products and services, has announced the launch of Alliant Re, its reinsurance brokerage division.

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

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Customized risk transfer solutions

Alliant Re helps insurers expand underwriting capacity while managing risk exposure to ensure long-term viability and sustainable policyholder service.

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

According to Tom Corbett, chairman and CEO of Alliant Insurance Services: “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.”

He also emphasized the importance of effective risk transfer solutions, stating that, “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.”

Leveraging Alliant’s market strength

Alliant Re will look to leverage the market strength of Alliant Insurance Services, expanding the opportunities for insurers to partner with Alliant as their trusted risk management broker.

With established reinsurance brokers who have the relationships and experience to help ensure clients have the financial resources to pay out large claims when appropriate, Alliant Re aims to help clients remain viable in the insurance market.

Ambriano appointed to lead Alliant Re

Alliant Insurance Services has appointed Nicholas Ambriano as managing director and executive vice president to lead its newly launched reinsurance brokerage division, Alliant Re.

Ambriano joins the company from Aon, where he gained over 20 years of reinsurance experience, including overseeing national facultative reinsurance operations, executive recruiting, and handling casualty accounts.

Based in New York, Ambriano will be responsible for building a client-focused reinsurance operation and growing a team of reinsurance professionals to provide resources and client services to the marketplace. His appointment is expected to help establish Alliant Re as a leading reinsurance brokerage.

Peter Arkley, president of Alliant Retail P&C, said, “Nick brings exceptional value and expertise to benefit our clients as we establish Alliant Re as a leading reinsurance brokerage.”