Alliant Insurance Services Completes Acquisition of Captive Manager, POPIC

Alliant Insurance Services has finalized the acquisition of Property Owners Protection Insurance Company, LLC (POPIC), a national middle-market captive manager specializing in serving owners and managers of multifamily and single-family residential portfolios.  

"POPIC has a proven track record of helping large property owners and managers assume moderate and manageable risk to grow their income," said Greg Zimmer, chief executive officer of Alliant. "With a diverse team of [certified public accountants], attorneys, and insurance and underwriting professionals, POPIC brings a wealth of experience and highly consultative approach to our growing underwriting practice." 

Headquartered in Costa Mesa, California, POPIC's risk management solutions redirect revenue streams that traditionally have flowed to insurers or other third parties back to property owners and managers, Alliant said in a statement. POPIC offers a comprehensive suite of services, including captive structuring, program management, and tenant compliance administration. 

POPIC assists companies with large, self-insured risk funds by utilizing captive insurance transactions. This involves financing liabilities such as deductibles, exclusions, construction defects, product liability, supply chain risks, natural disasters, reputational risks, legal defense, and cyber liability, according to POPIC's website. 

"Joining forces with Alliant provides our team with expanded capacity and a deep well of resources, which will help us provide an even higher level of service and responsiveness to multifamily clients nationwide," said Noah Molnar, CEO of POPIC.