Alliant Insurance Expands Texas Operations with Acquisitions

Alliant Insurance Services Expands in Texas Through Strategic Acquisition

Alliant Insurance Services has expanded its footprint in Texas by acquiring a for-hire trucking insurance portfolio from Laredo Commercial Insurance Agency. This strategic acquisition has led to the establishment of a new office in Laredo, reinforcing the company's expertise in commercial trucking insurance. In recent months, Alliant has also included McAfee Insurance Agency in Mercedes and Highpoint Insurance Group in Friendswood to its roster, enhancing its service offerings in the region.

Steven Cadena, who boasts over a decade of industry experience, has been named Vice President of Alliant Transportation. "With these additions, Alliant enhances its local capabilities to better serve clients navigating complex cross-border operations," stated Lisa Paul, Executive Vice President of Alliant Transportation. The company's strategic growth is poised to address regulatory compliance requirements and evolving market demands within the insurance industry.

Brighthouse Financial to Merge with Aquarian Capital

Brighthouse Financial's shareholders have approved a merger with an affiliate of Aquarian Capital, valued at approximately $4.1 billion. The merger, sanctioned at a special shareholder meeting, stipulates that common shareholders receive $70.00 per share. Brighthouse anticipates closing the merger in 2026, subject to regulatory approvals and standard conditions.

Eric Steigerwalt, Brighthouse Financial's President and CEO, described the merger as pivotal for advancing the company’s mission to offer financial security. This strategic alignment with Aquarian Capital underscores the importance of regulatory compliance and strategic partnerships in achieving long-term corporate goals within the insurance sector.

Continental General Acquires Policies from Guaranty Associations

Continental General Insurance Company has finalized the acquisition of around 91,000 insurance policies from state guaranty associations, facilitated by the National Organization of Life & Health Insurance Guaranty Associations (NOLHGA). These policies comprise final expense, traditional life insurance, annuities, and accident and health policies originally underwritten by Bankers Life Insurance Company and Colorado Bankers Life Insurance Company.

Following the liquidation of these entities in 2024, the guaranty associations assumed responsibility for the policies, and Continental General began overseeing them from Jan. 1. Michael Gorzynski, Executive Chairman of Continental General, emphasized NOLHGA's critical role in ensuring a smooth transition. CEO David Ramsey highlighted that this acquisition aligns with Continental General’s strategy to diversify and widen its risk management products.

"This new portfolio from the Guaranty Associations significantly expands our customer base," Ramsey noted. The acquisition represents a strategic initiative to enhance product offerings and underwriting capabilities, thereby strengthening the company’s position in the competitive insurance market.