Alliant Announces the Acquisition of One Source Risk Management Canada, Inc.
Alliant extends industry specialty capabilities into Canada
NEWPORT BEACH, CA — Alliant Insurance Services, Inc. has announced the acquisition of One Source Risk Management Canada, Inc., an insurance brokerage firm headquartered in Calgary. Alliant Chairman and CEO Tom Corbett stated: “The continued expansion of Alliant’s presence internationally, particularly in Canada, realizes a long-term goal for our organization.”
As the leading broker of credit and political risk insurance in North America, One Source provides clients with catastrophic loss protection without increasing credit exposures. One Source provides protection against excessive bad debts and customer insolvency.
One Source President George Babeu stated: "The One Source team is pleased and excited to be part of the Alliant organization. Having Alliant as our parent will help us continue to expand our footprint throughout North America and dramatically broaden our product offerings and value to our clients."
“We are excited about the addition of the One Source Canadian operation and look forward to offering our clients One Source’s North American capabilities,” said Peter Arkley, President, Alliant Specialty. The need for credit and political risk offerings throughout North America will continue to grow as we enter 2021, and Alliant is well positioned to meet the demand.”
Terms of the agreement were not disclosed.