Alliant bolsters actual property experience with POPIC acquisition

Alliant Insurance coverage Providers has introduced its acquisition of Property Homeowners Safety Insurance coverage Firm, LLC (POPIC), a captive program supervisor specializing in serving the multifamily and single-family residential actual property sectors.

Headquartered in Costa Mesa, California, POPIC gives threat administration options that funnel income streams, historically directed in the direction of carriers or third events, again to property house owners and managers. POPIC’s suite of providers consists of the structuring of captives, program administration, and tenant compliance administration.

The mixing of the POPIC crew into Alliant’s AUS division marks a major enhancement of Alliant’s capabilities in the true property sector. Phrases of the acquisition weren’t disclosed.

Greg Zimmer, chief govt officer at Alliant, praised POPIC’s contribution to the business, emphasizing the corporate’s success in aiding property house owners and managers in dealing with threat successfully to boost their income.

“POPIC has a confirmed observe document of serving to giant property house owners and managers assume reasonable and manageable threat to develop their revenue,” Zimmer stated.

He additionally highlighted the variety and experience of the POPIC crew, which incorporates CPAs, attorneys, and insurance coverage and underwriting professionals, bringing a wealth of expertise and a consultative method to Alliant’s underwriting apply.

Invoice Mecklenburg, senior managing director at Alliant Underwriting Options, additionally famous the distinctive place POPIC has carved out out there.

“The POPIC crew has differentiated itself within the market by combining sturdy institutional data with a extremely artistic and results-driven method,” Mecklenburg stated.

The acquisition is geared toward enabling Alliant Underwriting Options (AUS) to diversify its providers additional and prolong its attain throughout the residential actual property program administration sector.

Noah Molnar, CEO of POPIC, expressed optimism about becoming a member of Alliant, highlighting the advantages of the merger for its shoppers.

“Becoming a member of forces with Alliant offers our crew with expanded capability and a deep properly of assets, which is able to assist us present a good larger stage of service and responsiveness to multifamily shoppers nationwide,” Molnar stated.

The acquisition is simply the most recent in a string of developments to bolster Alliant’s actual property experience. Earlier this month, the brokerage introduced the appointment of Tim Edwards as senior vice chairman to proceed the true property growth.

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