IRVINE, Calif.–Alliant Insurance Services has acquired New Jersey-based Trivedi Capacity Associates, further expanding its reach in the community association and condominium association underwriting space. Central to the acquisition is Trivedi’s HARP risk purchasing group, which provides a range of targeted insurance solutions to associations nationwide. Trivedi and HARP will be part of Preferred Concepts, a real estate focused managing general underwriter (MGU) within the Alliant Underwriting Solutions (AUS) programs division.
“Trivedi brings an outstanding team and a true culture of innovation and success to our group,” said Sean McConlogue, President of Alliant Underwriting Solutions. “This partnership expands Alliant Underwriting Solutions’ reach in the umbrella risk purchasing group space and will further enhance product offerings for community associations and condominium associations across the country.”
Founded in 2007, Trivedi Capacity Associates has emerged as a leading provider of programs focused on commercial risks, particularly in the community association and condominium association markets. Trivedi offers a range of niche-focused coverages to associations that includes umbrella coverage, directors and officers liability, crime, and workers’ compensation. These programs provide expertise and support to a range of independent brokers and agents nationally.
The Trivedi team will join Alliant as part of the AUS division. Terms of the acquisition were not disclosed.
Source: Alliant Insurance Services
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