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Alera acquires controlling stake in Insurance Alliance

Published 11 July 2018

Alera Group has acquired a controlling stake in The Insurance Alliance of Central Pennsylvania (The Alliance), effective 1 July in a move to expand its P&C platform.

The Alliance provides support to 10 firms in Pennsylvania, including three firms that were previously acquired by Alera Group.

In acquiring The Alliance, Alera Group immediately expands its capabilities with respect to the integration of the P&C firms it has acquired to date and plans to acquire in the future.

The Alliance will serve as an important component of Alera Group’s P&C platform, enabling access to multiple markets, improved technology and intellectual property.

The Alliance CEO and president Jane Koppenheffer said: “We join Alera Group with great expectations for what we will craft together in our growing synergistic relationship.

“Through Alera Group, The Alliance will continue to grow and include new firms, representing a wide variety of sizes, diversity and areas of expertise.”

Alera Group CEO Alan Levitz said: “We are thrilled to be working even more closely with The Alliance. Jane and her team bring tremendous expertise and experience which will enable Alera Group to more quickly grow and integrate as we leverage our new capabilities. We have been and will continue to be proud members of The Alliance alongside firms that share similar values.”

“We believe that this transaction is a big step forward for Alera Group, our firms in The Alliance and the entire Alliance.”

Alera Group did not acquire any interest in the firms that are members of The Alliance beyond the previously existing Alera Group firms.

Source: Company Press Release