Alliant acquires New York insurance brokerage Crystal & Company
Alliant Insurance Services, a specialty insurance brokerage firm, has entered into a definitive agreement to acquire New York-based Crystal & Company.
Founded in 1933, Crystal & Company provides insurance and employee benefits consulting services to a global client base.
The Crystal & Company team will continue to service clients from its 11 offices throughout the US while combining forces with Alliant to provide a cohesive offering to its collective client base following the transaction. The company's chairman and CEO Jim Crystal will join Alliant as vice chairman.
The transaction will expand Alliant's national footprint and areas of expertise.
“Adding a national leader like Crystal & Company to the Alliant team will add a potent combination of forward-thinking people and best-in-class products and services to what is already one of the nation’s most robust insurance platforms,” said Alliant CEO Tom Corbett.
“As two organizations that share a legacy of entrepreneurialism and specialization, we are well-positioned to provide the industry standard for quality and service in both existing and new verticals as we expand our reach.”
Crystal commented: “This partnership will combine Crystal & Company’s legacy of personal service and industry expertise with the strength of a larger platform. With access to more resources and more reach, Crystal will be even better suited to meet client needs.”
Join us at Intelligent Automation in Insurance - April 26th 2018, London: Book now.
More of today's news
Marsh appoints new UK & Ireland CEO as Weil departs
AM Best warns over cyber challenge for insurers
AIG poaches XL Catlin's global head of claims Vidovich
VIG Re plans Asia, Europe expansion, says chairman
Insurers refocus strategy to reduce capital intensity
CNA appoints global reinsurance SVP from AIG
AXA backs insurtech for pay-by-mile car insurance in UK
