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Press release content from Business Wire. The AP news staff was not involved in its creation.

Alliant Fortifies Surety Offering in Southern California

December 23, 2020 GMT

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Dec 23, 2020--

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.”

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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.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20201223005424/en/

CONTACT: ALLIANT SPECIALTY CONTACT

Shari Paul

Assistant Vice President,

Specialty Group

(949) 239-5457

Shari.Paul@alliant.comALLIANT CORPORATE CONTACT

Nick Kopinga

Vice President

Corporate Marketing and Communications

(949) 260-5004

nkopinga@alliant.com

KEYWORD: CALIFORNIA IDAHO UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: INSURANCE PROFESSIONAL SERVICES

SOURCE: Alliant Insurance Services, Inc.

Copyright Business Wire 2020.

PUB: 12/23/2020 12:08 PM/DISC: 12/23/2020 12:08 PM

http://www.businesswire.com/news/home/20201223005424/en