Alliant Insurance Strengthens Employee Benefits Capabilities with Strategic Acquisition of ClearPoint Consulting Firm

Business Editors/Insurance Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 19, 2008--Alliant Insurance Services, one of the nation’s largest specialty insurance brokerage firms, has announced the acquisition of Seattle, Wash.-based ClearPoint, LP, one of the largest independent benefits brokerage and consulting companies in the Pacific Northwest and a firm with a fast-growing nationwide client base.

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. The company has a strong presence in Seattle and is one of the fastest-growing benefits consulting firms in Maine.

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 that drive significant savings in the cost of benefits to employers and ease the administrative burden of employee benefits programs.

The company also is the exclusive U.S. member of ASINTA, a global benefits consulting network that represents more than 2,000 different employers, 700 multinational companies, and a combined total of 900,000 employees around the world. During the past three years, ClearPoint has provided benefits management to more than 200 multinational clients.

Tom Corbett, CEO of Alliant Insurance, praised ClearPoint for its commitment to advanced technology, industry innovation, and such cost-containment strategies 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 commented. “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.

About Alliant Insurance Services

Headquartered in Newport Beach, Calif., Alliant Insurance Services, Inc. is one of the largest insurance brokerage firms in the United States and has a history dating back to 1925. Alliant Insurance provides property and casualty, workers’ compensation, employee benefits, surety, and financial products and services to more than 20,000 specialized clients nationwide, including public entities, tribal nations, healthcare, energy, law firms, real estate, construction, and other industry groups. More information is available on the company’s web site at: www.alliantinsurance.com.