Alliant Consolidates

Alliant Insurance Services Inc. has consolidated all of its retail brokerage operations into a new single unit under the direction of Ralph Hurst.
Mr. Hurst, who formerly was one of several group operating presidents at Alliant, is now president of the national brokerage unit. In addition, the Newport Beach, Calif.-based broker also has consolidated all of its nonretail brokerage operations, such as third-party administration, into Alliant Specialty Insurance Services. ASIS President Sean McConlogue will be responsible for directing the nonretail operations and will continue in his role as president of Tribal First, Alliant's tribal nations insurance program. Mr. Hurst, who is based in Newport Beach, Calif., and Mr. McConlogue, who is based in Kearny Mesa, Calif., report to Alliant Chairman and Chief Executive Officer Tom Corbett. Greg Zimmer remains president and chief financial officer of Alliant, and Jerry Hall remains executive vp and chief operating officer.

Allianz Grows to $180 million

A accident band placed by German insurer Allianz SE has developed to $180 million, according to Goldman Sachs & Co., which abiding the transaction.

The bond, Blue Fin II, was initially placed aftermost ages for $150 million. It provides Munich-based Allianz with three-year aegis adjoin U.S. blow and convulsion losses.

Blue Fin II is the fourth accident band transaction to appear to bazaar this year. If successful, the alms will booty fresh arising so far in 2009 to $755 million.

The accord is accepted to abutting April 16. Fresh York-based S&P has assigned a basic appraisement of BB bare to the deal.

Last month, a accident band placed by Boston-based Liberty Mutual Group Inc. was added to $225 actor from $200 actor because of broker demand.

Experts say fresh accident bonds advancing to bazaar this year affection added structures and tighter accessory requirements, advocacy broker appetence for the deals.