California-based Alliant Insurance Services announced it has acquired the for-hire trucking portfolio of Laredo Commercial Insurance Agency, establishing a local presence in Laredo, Texas.
As part of the acquisition, Steven Cadena has joined Alliant Transportation as vice president. The company said Cadena brings more than a decade of experience in commercial trucking insurance, serving companies operating in cross-border transportation. He will expand the firm’s expertise in delivering comprehensive insurance services for cross-border transportation risk, Alliant said in a news release.
This acquisition marks the third Texas-based agency joining in recent months, following the acquisitions of McAfee Insurance Agency in Mercedes and Highpoint Insurance Group in Friendswood. The firm said the moves expand its footprint across the state and strengthen its expertise in cross-border transportation risk.
“With the addition of Laredo Commercial Insurance Agency’s transportation book and the hire of Steven Cadena, Alliant expands our localized expertise to serve clients operating in challenging cross-border environments,” said Lisa Paul, executive vice president, Alliant Transportation, in the release. “Combined with our integrated technology platforms and telematics, which are helping to improve clients’ insurability and risk outcomes, Alliant Transportation continues to strengthen our foothold in cross-border markets that are integral to international trade.”
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