A division of Alliant Underwriting Solutions has acquired AFN Insurance Brokerage – a nationally-incorporated insurance brokerage dedicated exclusively to serving First Nations across Canada.
Terms of the agreement were not disclosed.
The acquisition pairs AFN with Alliant’s Tribal First, the largest provider of insurance solutions to Tribal Nations in the US. A release said that the deal expands Tribal First’s geographical reach and service profile.
“Tribal First is dedicated to providing customized insurance solutions to Native governments across North America,” said Alliant Underwriting Solutions president Sean McConlogue. “AFN brings a longstanding legacy of integrity and strength to our platform, and this alliance will enable us to provide powerful services and solutions that are new to the Canadian market.”
“The AFN name is synonymous with strength, customization, and a careful attention to addressing the needs of Canada’s First Nations and stands in direct alignment with Tribal First’s longstanding mission in the US,” said Tribal First executive vice-president Robert Shearer.
AFN was founded in 1998; the Ottawa-based brokerage offers a range of insurance products and services, which include risk management, consulting, and employee benefits. AFN has access to leading global carriers and works directly with a sizable base of retail broker partners.
“This is a powerful strategic alliance that will add considerable strength to the AFN team,” said AFN Insurance principal Gil Saunders. “Tribal First’s large platform, strong market relationships, and dedicated team of specialists will enable us to provide significant value and results to both our broker partners and First Nations clients. Most importantly, Tribal First shares our core objective of designing and delivering customized solutions that are in the best interest of Canada’s First Nations.”
Saunders and the rest of the AFN team will join Alliant, continuing to serve clients from their current location in Ottawa.