The acquisition of EnRisk, which is highly respected as one of the most progressive, professional, and technically competent insurance agencies in the energy industry, is a major win for our company.
Newport Beach, CA (PRWEB) October 02, 2013
Alliant Insurance Services, Inc. (http://www.alliant.com), the nation’s largest specialty insurance brokerage firm, has announced its acquisition of EnRisk Services, Inc., (http://www.enriskservices.com), a Fort Worth-based firm that specializes in insurance and risk management for the energy industry. The acquisition will create one of the nation’s most experienced and trusted teams in the energy and marine industries.
Since 1976, EnRisk has grown to become one of the leading U.S. firms specializing in meeting the insurance and risk management needs of the energy industry. Serving a large client base nationwide, the firm has offices in Houston and Denver in addition to its headquarters in Fort Worth.
EnRisk CEO John B. Ludwig will join Alliant as Executive Vice President and Managing Director with the firm’s Energy and Marine Group, which will combine leadership teams and risk professionals from both companies. Ludwig, who joined EnRisk in 2004, has more than 28 years of experience in the energy and insurance industries, and his leadership is credited with establishing a team at EnRisk that has more than quadrupled revenue while expanding the firm with offices in Houston and Denver.
“The acquisition of EnRisk, which is highly respected as one of the most progressive, professional, and technically competent insurance agencies in the energy industry, is a major win for our company,” stated Tom Corbett, Alliant Chairman and CEO. “The services offered by EnRisk are very complementary to those provided by Alliant, and we are excited to be joining forces.”
Greg Zimmer, Alliant President and CFO, noted, “Alliant and EnRisk share many strategic and operational philosophies, including a commitment to a true team-based client service platform. The similarity of our respective approaches to serving clients and building business will enable us to create a high-performing team that will continue to meet and exceed the needs of both Alliant and EnRisk clients.”
“We are pleased to have the EnRisk team join Alliant,” said Benjamin Wilcox, Executive Vice President and Director of Alliant’s Energy and Marine Group. “The two practices complement one another, and the combined teams will lead to significant growth potential for Alliant.”
According to Ludwig, EnRisk’s acquisition by a brokerage firm with an established national platform and powerful market presence like Alliant represented a tremendous opportunity for his team.
“This is an exciting and strategic move that aligns the shared visions of EnRisk and Alliant to build a national practice that will emerge as the clear leader in the industry,” he said. “The move enables us to take full advantage of the well-established nationwide presence of Alliant, which includes an existing specialty in the energy and marine industries. Alliant is a dynamic, streamlined organization with tremendous depth of experience, extensive market relationships, and reputation for exceptional client service. Most significantly, it is committed to strategies that will enable us to provide even better and more robust insurance solutions to current EnRisk clients.”
Ludwig went on to emphasize, “Although the EnRisk brand will change, our team and values will not. Our current clients can be assured that the same professionals they have worked with at EnRisk will continue to service their accounts.”
Terms of the acquisition were not disclosed.
About Alliant Insurance Services
Headquartered in Newport Beach, CA, Alliant Insurance Services, Inc. is one of the largest insurance brokerage firms in the United States and has a history dating back to 1925. Alliant provides property and casualty, workers’ compensation, employee benefits, surety, and financial products and services to some 20,000 clients nationwide, including public entities, tribal nations, healthcare, energy, law firms, real estate, construction, and other industry groups. More information is available on the company’s web site at: http://www.alliant.com.