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Alliant acquires One Supply Threat Administration


California-based Alliant Insurance Services has acquired One Source Risk Management, an insurance brokerage firm with offices in the United States and Canada.

Contract terms were not disclosed.

One Source Risk Management is a credit and political risk insurance broker headquartered in Houston, TX. The company has offices in the United States and Canada and provides customers with protection against excessive bad debt and customer bankruptcy.

The acquisition of One Source results in Alliant introducing a new industry within Alliant Specialty called Alliant Trade Credit.

“The addition of One Source enhances our credit and political risk capabilities to position Alliant as a leader in this sector,” said Tom Corbett, Chairman and CEO of Alliant.

“The One Source team is excited and excited to be part of the Alliant organization,” added George Babeu, President of One Source Risk Management, adding offers and value to our customers. “

“We are excited to bring this new industry to market and look forward to bringing our customers cost-effective, profitable solutions from One Source,” said Peter Arkley, President of Alliant Specialty, commenting on the establishment of Alliant Trade Credit.

Arkley added that the need for trade credit and political risk offerings will continue to grow this year and that thanks to the deal, Alliant is well positioned to meet that demand.

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