Alliant Insurance Services Acquires Clarity Benefit Consulting.Acquisition of Atlanta-Based Consulting Firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Will Enable Alliant to Further Expand Employee Benefits Practice NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Alliant Insurance Services, Inc., one of the nation's largest insurance firms, announced today the acquisition of Atlanta-based Clarity Benefit Consulting. Founded by industry veterans Tom Greene and Christopher Schott, Clarity has grown quickly and built a nationwide client base of Fortune 500 employers by providing specialty consulting services in the areas of absence management and disability and life insurance. Clarity currently manages life and disability-related programs for more than 2 million employees representing nearly $1 billion in annual benefit cost. "Clarity has established a very successful employee benefits practice and attracted a wealth of consulting talent in a very short period of time," commented Tom Corbett For the science fiction hero, see . Tom Corbett is the current Attorney General of the state of Pennsylvania, United States, elected in 2004. He is a member of the Republican Party. , Alliant Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Their business model is an ideal match for Alliant, which focuses on providing a full range of employee benefit and risk management services to specialized industries. The acquisition of Clarity is very strategic since their expertise with large employers adds a key differentiator to our employee benefits division. In addition, the similarity in our cultures and the alignment of our values was a critical motivator for both parties." Alliant ranks among the 15 largest insurance brokerage firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Operating on a national scale, Alliant offers both corporate and public agency clients a comprehensive portfolio of employee benefit consulting services, property and casualty insurance products and services, and risk management services. In August, Alliant management in conjunction with The Blackstone Group Blackstone Group L.P. (NYSE: BX) is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. The company is based in New York City, in River House on Park Avenue at Fifty-first Street, with offices in Atlanta, completed the acquisition of Alliant from its prior shareholders. The Blackstone Group is a leading global alternative asset manager and provider of financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . "We are excited about the opportunity to merge our talent with Alliant's in an effort to bring even more creative solutions to our clients," said Clarity Principal Christopher Schott. Added Greene, the company's other principal, "While our expertise in absence management, disability and life insurance strategically expands Alliant's benefits portfolio, they provide us with additional healthcare and actuarial talent that will allow us to continue to grow our business." Terms of the transaction were not disclosed. About Alliant Insurance Services Headquartered in Newport Beach, California Newport Harbor redirects here. For the MTV reality series, see . Newport Beach, incorporated in 1906, is a city in Orange County, California, 10 miles south of downtown Santa Ana. , Alliant Insurance Services is one of the largest insurance brokerage firms in the United States and has a history dating to 1925. Alliant provides property and casualty, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , employee benefits, surety, and financial products and services to more than 20,000 specialized clients nationwide. Its specialty markets include public entities, Indian 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. |
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