Newport Beach, Calif.-based Alliant Insurance Services Inc. announced that a Canadian pension investment manager is making an investment in the firm.
The investment by the Public Sector Pension Investment Board is joined by an additional investment from funds managed by Stone Point Capital LLC.
Terms of the deals were not announced.
Following the transaction, funds managed by Stone Point will remain Alliant’s largest institutional shareholders while the company’s management and producers will continue to own the majority of the firm.
Alliant provides property/casualty, workers’ compensation, employee benefits, surety, and financial products and services.
Was this article valuable?
Here are more articles you may enjoy.
AI’s Water Strain Includes Surging Demand From Electricity Use 
Hurricane Isaias Reaches Cat 3 Status as Insurers, Adjusters, Property Owners Prepare 
AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns 
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says 
