Alliant Fortifies Surety Offering in Southern California
December 23, 2020
Pinnacle Surety to Join Alliant Insurance Services
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–#Acquisitions–Alliant Insurance Services has announced the acquisition of Pinnacle Surety and Allied Bonding, a professional surety bond agency based in Costa Mesa, CA and Boise, ID. The acquisition brings 14 surety specialists to Alliant who will help to broaden capabilities.
“Pinnacle Surety provides a powerful online platform, allowing for quick response times and aggressive bond program parameters,” said Michael Cusack, Co-COO, Alliant Specialty. “The Pinnacle Surety/Allied team is a great addition to Alliant; they complement our existing Newport Beach surety operations nicely and help to further strengthen our surety offerings in California and Idaho.”
Founded in 1994 Pinnacle is led by Eric Lowey and Mark Richardson. The firm provides contract, license and permit, subdivision and court bonds; and a 24-hour turnaround on bond program pre-qualification’s and approval for bid bonds.
“Much like Alliant, Pinnacle is committed to successful long-term relationships with contractor and developer clients and our surety markets,” said Eric Lowey, President and Founder of Pinnacle. “Joining forces with Alliant provides powerful access to resources and people who will help us continue on this path.”
Lowey and Richardson, along with the entire Pinnacle/Allied team, will maintain their exclusive surety offerings from their Costa Mesa and Boise office locations. Terms of the agreement were not disclosed.
About Alliant Insurance Services
Headquartered in Newport Beach, CA, Alliant Insurance Services, Inc. provides property and casualty, workers’ compensation, employee benefits, underwriting, surety, and financial products and services to clients nationwide, including public entities, tribal nations, healthcare, energy and marine, law firms, real estate, construction, financial institutions, agriculture, aviation, and environmental. More information is available on the company’s website at alliant.com.
Contacts
ALLIANT SPECIALTY CONTACT
Shari Paul
Assistant Vice President,
Specialty Group
(949) 239-5457
Shari.Paul@alliant.com
ALLIANT CORPORATE CONTACT
Nick Kopinga
Vice President
Corporate Marketing and Communications
(949) 260-5004
nkopinga@alliant.com