CORRECTING and REPLACING Alliant Acquires Vertus, Expands Global Benefits Capabilities

Chicagoland employee benefits firm adds diversified service profile and international capabilities to Alliant’s growing employee benefits platform

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Fifth paragraph, first sentence of release should read: Malouf will join fellow Principals Dan Papajcik and Dan Yost, along with the entire Vertus team, at Alliant.

The updated release reads:

ALLIANT ACQUIRES VERTUS, EXPANDS GLOBAL BENEFITS CAPABILITIES

Chicagoland employee benefits firm adds diversified service profile and international capabilities to Alliant’s growing employee benefits platform

Alliant continues to expand its employee benefits platform, acquiring longtime Chicagoland employee benefits leader Vertus. The strategic acquisition adds a diverse profile of services and global benefits capabilities to the company’s Employee Benefits Group.

“In a crowded benefits marketplace, Vertus and its talented team of professionals have consistently separated itself from the pack by offering a broad spectrum of solutions backed by a proven commitment to personal service and advocacy for its clients,” said Tom Corbett, Chairman and CEO of Alliant. “The firm’s innovative approach to the benefits process will meld seamlessly with Alliant’s longstanding commitment to client-centric benefits consulting.”

Founded in 1994, Vertus provides a diversified portfolio of services and solutions to a national client base that includes medical and RX, dental, life, disability, absence management, and voluntary benefits. The firm also has a robust Global Benefits practice that supports businesses with overseas operations, helping them navigate the complex global benefits landscape.

“Vertus has realized significant growth in the marketplace by questioning the status quo of a ‘service provider’ and acting as a steadfast advocate for our clients,” said Mike Malouf, Managing Principal with Vertus. “Joining forces with Alliant aligns us with an organization that shares our service-first culture and provides a broad range of new resources and solutions that will only enhance our ability to provide our clients with first-class benefits programs that are efficient, cost-effective, and results-oriented.”

Malouf will join fellow Principals Dan Papajcik and Dan Yost, along with the entire Vertus team, at Alliant. Vertus will continue to service its growing client base from its Bannockburn, IL, headquarters. 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.