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 products 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.
Terms of the acquisition were not disclosed.
Sean McConlogue, president of AUS, said the deal expands his division’s reach in the umbrella risk purchasing group market and will further enhance product offerings for community associations and condominium associations across the country.
Founded in 2007, Trivedi offers a range of coverages to commercial risks including community associations that includes umbrella coverage, directors and officers liability, crime, and workers’ compensation. These programs are available to independent brokers and agents nationally.
Alliant is based in Irvine, California.
Specialty insurance consolidator JenCap Ho/dings, a portfolio company of private-equity giant Carlyle Group, acquired Trivedi in 2016.
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