Newport Beach, Calif. — Alliant Insurance Services Inc., a Newport Beach, Calif. -based specialty insurance brokerage firm, announced the acquisition of Seattle, Wash.-based ClearPoint LP, an independent benefits brokerage and consulting company.
ClearPoint, which also has an office in Portland, Maine, has grown to include more than 350 clients in 48 states and Canada since its founding in 1997 by managing partners Peter Carpenter, Kevin Overbey and Stephen DiPietro.
Alliant believes ClearPoint is on the leading edge of cost-containment strategies that improve health, productivity, and purchasing efficiencies for health and welfare benefits. In addition, ClearPoint has created proprietary programs designed to drive significant savings in the cost of benefits to employers and ease the administrative burden of employee benefits programs.
Tom Corbett, CEO of Alliant Insurance, praised ClearPoint for its commitment to advanced technology, industry innovation and cost-containment strategies such as consumer-driven healthcare and healthcare risk management.
“ClearPoint has built a highly successful company by delivering total compensation packages that emphasize value—for both employees and the company—rather than focusing on plan costs and renewal dates,” Corbett says. “With its proven health and wellness strategies, unique medical programs and consumer-driven expertise, ClearPoint is a great strategic fit for Alliant that expands our resources and intellectual capital while strengthening our coverage across the country.”
According to ClearPoint’s Carpenter, “Our firm’s acquisition by Alliant is a tremendous opportunity for both our clients and us. Alliant will provide ClearPoint with the ability to bring property and casualty expertise to our clients from a proven industry leader. In addition, Alliant provides an extensive national service delivery platform and access to in-house expertise and resources that will allow us to continue growing our business.”
ClearPoint is expected to bring more than $19 million in annual revenues to Alliant Insurance over the coming year.
Source: Alliant Insurance Services
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