Alliant launches new practice for lending institutions
Alliant launches new practice for lending institutions | Insurance Business America
Insurance News
Alliant launches new practice for lending institutions
It will offer solutions for lending firms operating in niche markets
Insurance News
By
Kenneth Araullo
Alliant Insurance Services has introduced its national specialty lending insurance brokerage practice, designed to address the requirements of lending institutions that operate within specialized markets. It will provide customized solutions aimed at risk mitigation and coverage optimization.
According to Alliant, the practice addresses the growing complexity lending institutions encounter within niche sectors. It will focus on a variety of insurance areas critical to the lending industry, including:
Special mortgage bankers fidelity bond and errors & omissions (E&O)
Mortgage bankers professional liability
Mortgage impairment
Lenders placed insurance (LPI)
Real estate owned (REO)
Dealer open lot (DOL)
Broker surety bond (State licensing bond)
Cyber liability
Management liability, covering directors and officers (D&O), employment practices liability (EPL), and fiduciary liability
Property & casualty, including workers compensation
“Our specialty lending insurance brokerage practice is a direct response to the intricate challenges and opportunities present within the specialty lending sector,” Alliant Specialty managing director Ron Borys said. “Our commitment lies in providing cutting-edge insurance solutions that not only protect our clients’ interests but also support their growth and success.”
Other recent developments for Alliant
The new practice comes on the heels of a string of high-profile appointments for the brokerage. Recently, Alliant announced the appointment of Lou Spina as senior vice president within its Alliant Specialty division, enhancing the firm’s surety operations in New York.
In February, it also bolstered its team with the addition of two seasoned professionals, Matt Cohan and Frank Ross, to its employee benefits group and Alliant Americas division, respectively.
The broker also announced an expansion for its New Jersey and Southeastern Pennsylvania markets with the addition of Michael Lezynski as executive vice president within the Alliant Americas division.
Earlier this year, Alliant also revealed the appointment of a new senior vice president, with Todd Schwartz taking on the role for Alliant Specialty, based in Miami.
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