US-based specialty insurance brokerage firm Alliant Insurance Services has acquired Moloney O’Neill, for an undisclosed amount.
The acquisition will allow Alliant to expand its operations in the Northwest region with two markets, Eastern Washington and Northern Idaho.
Established in 1947, Moloney O’Neill is an insurance brokerage firm offering property and casualty, employee benefits, and life products and services with offices in Spokane of Washington and Coeur d’Alene of Idaho.
Moloney O’Neill’s property and casualty business will be included in the Alliant Americas, while employee benefits and life divisions will be merged and operated as part of Alliant Employee Benefits.
Alliant Insurance Services chairman and CEO Tom Corbett said that Moloney O’Neill has good reputation for trust, service, and innovation over more than six decades in the business.
"This acquisition will merge the company’s extensive service offerings with Alliant’s deep resources and national platform, providing clients with even more powerful insurance, risk management, and employee benefits solutions," Corbett added.
Moloney O’Neill provides services to around 600 clients in the manufacturing, engineering, financial services, municipalities, education, and other key disciplines.
The property and casualty division offers full range of coverages for businesses and individuals, while employee benefits develops and implements customized plans for businesses and assists individuals with their benefits needs.
Life products and services provide life, disability, and long-term care insurance to businesses and individuals.
Moloney O’Neill president John Moloney said: "In Alliant, we have a like-minded partner with extensive resources and capabilities. This alliance adds an additional layer of strength and sophistication to our organization."
Image: Alliant Insurance has acquired Moloney O’Neill to expand operations in Northwest region. Photo: courtesy of adamr/ FreeDigitalPhotos.net.