Alliant snaps up US oil and gas insurance specialist

Alliant Insurance Services has acquired a Texas-based firm that specialises in property and casualty (P&C) insurance solutions for the oil and gas service industry.

McAnally Wilkins provides P&C insurance and risk management solutions for businesses focused in oilfield service and oil transportation in the Southwest US and nationwide.

Headquartered in Odessa, Texas, McAnally Wilkins also offers a broad range of insurance programmes to meet the complex needs of oil and gas businesses and contractors. The company's extensive knowledge of the oil and gas sector's specific risk exposures allows it to offer customised insurance programmes from insurers that help mitigate risk.

Following the deal, McAnally Wilkins will continue to service clients from its Texas and Oklahoma-based office locations.

Tom Corbett, chairman and CEO of Alliant, said: “McAnally Wilkins is recognised among the leading risk management experts in oilfield services. Its expertise in this space aligns with our model of industry specialisation at Alliant and will enhance the unparalleled value we offer to clients in our Alliant Energy & Marine practice.”

John Wilkins (pictured), Jr., president of MWI and co-founder along with Blaine McAnally, added: “For over a decade, we have successfully leveraged our oil and gas expertise and our partnerships with insurance carriers to develop cost-effective risk management and loss control solutions for businesses in the oil and gas service sector. We look forward to expanding our resources and reach through the partnership with Alliant and its existing team of oil and gas specialists.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.