Alliant gets nod for $2 billion project

Alliant Insurance Services has been selected by the Metropolitan Transportation Authority (MTA) to serve as insurance broker for Phase 2 of the Second Avenue Subway project, a $2 billion tunnelling and construction phase that began in September 2025 and is scheduled to run over four years.

The award follows an MTA request‑for‑proposal process that involved three major brokers. Alliant already acts as broker for the MTA’s Capital Plan owner‑controlled insurance programs (OCIPs) 1 and 2, having marketed, placed and administered those programs and delivered related OCIP services including claims handling, safety and loss‑control support. The broker said its initial OCIP program achieved estimated savings of 2–3% of construction value for the MTA.

Alliant will run the Phase 2 OCIP under a full delegated administration model, which typically covers program placement, policy administration, claims advocacy, on‑site safety and loss prevention, and coordination with contractors and owners. The firm’s construction and public‑entity teams cited their experience of New York‑specific regulatory and labor requirements as a factor in the MTA decision.

Peter Arkley, president of Alliant’s National Brokerage, said the win underlines the firm’s capability to manage complex public projects end‑to‑end: “Beyond placing insurance solutions, projects of this scale require a partner that can manage all associated administration through the life of the project, and our team has proven an exceptional ability to navigate these comprehensive risk complexities.”

Why the appointment matters for the market

• OCIP scale and scope: owner‑controlled programs for major public infrastructure projects concentrate underwriting, claims and risk management in a single program, increasing the importance of tight program governance, coordinated loss control and robust claims protocols. Brokers placing capacity for participants should expect detailed program wordings and strict adherence to GTA‑style arrangements.
   
• Cost and capital outcomes: Alliant’s reported 2-3% saving on the initial OCIP will be of interest to contractors, owners and insurers assessing value delivered by OCIP administration and procurement strategies. For insurers and reinsurers, the result will inform decisions on appetite and pricing for large, integrated construction programs.
   
• Regulatory and labor complexity: the announcement highlights that local regulation, labor rules and owner requirements materially affect program design and administration in New York projects; underwriters and brokers must take those local constraints into account when assessing exposure and setting terms.
   
• Service mix: the role combines underwriting placement with operational services - risk engineering, on‑site safety consulting, claims advocacy and program administration - reinforcing the market trend toward bundled service offerings for large projects.

Alliant said the Phase 2 appointment expands its role as a market provider for complex construction risks. The practical implications for contractors, brokers and capacity providers will become clearer as the MTA publishes the program terms, binding authority arrangements and the participating market panels for the Phase 2 OCIP.