Tribal First, a division of Alliant Underwriting Solutions, has acquired Ottawa, Canada-based AFN Insurance Brokerage.
Financial details of the transaction were not disclosed.
The acquisition pairs AFN Insurance Brokerage, which is Canada’s First Nations’ insurance leader, with Tribal First, the largest provider of insurance solutions to Tribal Nations in the United States, said Tribal First in a statement. (Tribal First is a managing general agent and AFN is a Lloyd’s coverholder and program administrator.)
Founded in 1998, AFN is a nationally incorporated insurance brokerage dedicated exclusively to serving First Nations across Canada. It offers a full suite of products and services that include insurance, risk management, consulting, and employee benefits. AFN has access to leading international carriers and works directly with a large base of retail broker partners.
“Tribal First is dedicated to providing customized insurance solutions to native governments across North America,” said Sean McConlogue, president of Newport Beach, Calif.-based Alliant Underwriting Solutions. “AFN brings a longstanding legacy of integrity and strength to our platform, and this alliance will enable us to provide powerful services and solutions that are new to the Canadian market.”
“The AFN name is synonymous with strength, customization, and a careful attention to addressing the needs of Canada’s First Nations and stands in direct alignment with Tribal First’s longstanding mission in the U.S.,” said Robert Shearer, executive vice president and leader of Tribal First, which is headquartered in San Diego.
“This is a powerful strategic alliance that will add considerable strength to the AFN team,” said Gil Saunders, principal at AFN. “Tribal First’s large platform, strong market relationships, and dedicated team of specialists will enable us to provide significant value and results to both our broker partners and First Nations’ clients. Most importantly, Tribal First shares our core objective of designing and delivering customized solutions that are in the best interest of Canada’s First Nations.”
The acquisition continues the Northern expansion of Tribal First. In 2017, the firm acquired American Indian Health Services, an American Indian-owned organization dedicated to addressing the healthcare needs of American Indian and Alaska Native Tribes and related enterprises.
Saunders and the AFN team will join Alliant and continue to service clients from AFN’s Ottawa location.
Source: Tribal First
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