Alliant bolsters actual property experience with POPIC acquisition


Alliant bolsters actual property experience with POPIC acquisition | Insurance coverage Enterprise America

The Costa Mesa-based agency additionally brings range to its ranks, CEO says

Alliant bolsters real estate expertise with POPIC acquisition

Insurance coverage Information

Kenneth Araullo

Alliant Insurance coverage Companies has introduced its acquisition of Property House owners Safety Insurance coverage Firm, LLC (POPIC), a captive program supervisor specializing in serving the multifamily and single-family residential actual property sectors.

Headquartered in Costa Mesa, California, POPIC gives threat administration options that funnel income streams, historically directed in direction of carriers or third events, again to property house owners and managers. POPIC’s suite of companies consists of the structuring of captives, program administration, and tenant compliance administration.

The combination of the POPIC workforce into Alliant’s AUS division marks a big enhancement of Alliant’s capabilities in the actual property sector. Phrases of the acquisition weren’t disclosed.

Greg Zimmer, chief govt officer at Alliant, praised POPIC’s contribution to the trade, emphasizing the corporate’s success in aiding property house owners and managers in dealing with threat successfully to boost their income.

“POPIC has a confirmed observe file of serving to massive property house owners and managers assume reasonable and manageable threat to develop their earnings,” Zimmer stated.

He additionally highlighted the variety and experience of the POPIC workforce, which incorporates CPAs, attorneys, and insurance coverage and underwriting professionals, bringing a wealth of expertise and a consultative strategy to Alliant’s underwriting observe.

Invoice Mecklenburg, senior managing director at Alliant Underwriting Options, additionally famous the distinctive place POPIC has carved out available in the market.

“The POPIC workforce has differentiated itself within the market by combining robust institutional data with a extremely artistic and results-driven strategy,” Mecklenburg stated.

The acquisition is aimed toward enabling Alliant Underwriting Options (AUS) to diversify its companies additional and lengthen its attain inside the residential actual property program administration sector.

Noah Molnar, CEO of POPIC, expressed optimism about becoming a member of Alliant, highlighting the advantages of the merger for its shoppers.

“Becoming a member of forces with Alliant gives our workforce with expanded capability and a deep effectively of assets, which can assist us present a fair larger stage of service and responsiveness to multifamily shoppers nationwide,” Molnar stated.

The acquisition is simply the most recent in a string of developments to bolster Alliant’s actual property experience. Earlier this month, the brokerage introduced the appointment of Tim Edwards as senior vp to proceed the actual property growth.

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