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Tuesday, Apr 21, 2026

Alliant Buys Portland Firm

Newport Beach-based Alliant Insurance Services Inc. said it acquired Portland-based Hecht & Hecht for its property and casualty insurance services. Terms of the agreement were undisclosed.

Hecht & Hecht is a family-owned institution with a 44-year history in the Portland market. Alliant acquired Hecht’s employee benefits arm in 2016.

“The Northwest has been an area of considerable growth for Alliant, and we expect this trend to continue,” Alliant Chairman and Chief Executive Tom Corbett said in a statement.

Alliant is the 12th-largest insurance broker in the world. Corbett estimated in October that the company would have $1.1 billion in sales in 2017, a 14% annual increase. Alliant is the largest insurance broker in Orange County.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.

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