Tribal First, a division of California-based Alliant Underwriting Solutions, has acquired AFN Insurance Brokers, an insurance brokerage serving First Nations across Canada. Terms of the agreement were not disclosed.
The acquisition pairs the insurance leader among Canada’s First Nations with the largest provider of insurance solutions to Tribal Nations in the U.S. The move expands Tribal First’s geographical reach and service profile, according to a company press release.
Established in 1998, the Canadian broker is nationally incorporated in Canada and serves First Nations exclusively. The Ottawa-based brokerage provides a full suite of products and services that include insurance, risk management, consulting, and employee benefits. AFN has access to leading international carriers and works directly with a large base of retail broker partners.
“This is a powerful strategic alliance that will add considerable strength to the AFN team,” said Gil Saunders, Principal at AFN. “Tribal First’s large platform, strong market relationships, and dedicated team of specialists will enable us to provide significant value and results to both our broker partners and First Nations clients. Most importantly, Tribal First shares our core objective of designing and delivering customized solutions that are in the best interest of Canada’s First Nations.”
The acquisition continues the Northern expansion of Tribal First. In 2017, the firm acquired American Indian Health Services, an American Indian-owned organization dedicated to addressing the distinct healthcare needs of American Indian and Alaska Native Tribes and related enterprises.
“Tribal First is dedicated to providing customized insurance solutions to Native governments across North America,” said Sean McConlogue, President of Alliant Underwriting Solutions in a statement. “AFN brings a longstanding legacy of integrity and strength to our platform, and this alliance will enable us to provide powerful services and solutions that are new to the Canadian market.”
“The AFN name is synonymous with strength, customization, and a careful attention to addressing the needs of Canada’s First Nations and stands in direct alignment with Tribal First’s longstanding mission in the U.S.,” added Robert Shearer, Executive Vice President and leader of Tribal First.
Saunders and the AFN team will join Alliant and continue to service clients from AFN’s Ottawa location.