California-based Alliant Insurance Services, Inc. has acquired Texas-based insurance brokerage firm One Source Risk Management, to advance credit and political risk capabilities, the company said.
Terms of the agreement were not disclosed.
The acquisition launches a new industry vertical within Alliant Specialty Alliant Trade Credit.
Alliant Insurance Services provides property and casualty, workers' compensation, employee benefits, surety, underwriting, claims advocacy, and financial products and services to clients nationwide.
Clients include public entities, general contractors, tribal nations, healthcare providers, energy and marine corporations, law firms, real estate developers and owners, financial institutions, agribusinesses, and airlines and air ambulances.
One Source provides clients with catastrophic loss protection without increasing credit exposures.
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