Allied Insurance Brokers, N.J. insurer partner on real estate program

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Allied Insurance Brokers is going to offer a real estate program in the mid-Atlantic states through a partnership with American Alternative Insurance Corp.

“Having access to AAIC allows us more property capacity, territory expansion and coverage flexibility than ever before, placing us in a solid position in the real estate insurance market going forward” Jeffrey Marsh, CEO of Allied Insurance Brokers, said in a statement. The company is based in Marriottsville, Md., and has operated as a managing general underwriter since 1996.

Allied Insurance Brokers underwrites several insurance programs, the largest of which provides coverage for office buildings, retail centers, apartments and condominiums, primarily in the Mid-Atlantic region through select retail agents.

American Alternative Insurance Corp., a Princeton, N.J.-based subsidiary of the Munich Re America Corp., primarly writes commercial lines insurance, including management liability, professional liability, package, property, crime, inland marine, umbrella and excess casualty, general liability, commercial auto, workers’ compensation, accident and health, aviation, crop-hail, and multiple peril crop.

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