Alliant Insurance Services reported that it was chosen by New York’s Metropolitan Transportation Aut
hority (MTA) as the insurance broker for Phase 2 of the Second Avenue Subway project, a $2 billion project that was begu
n in 2025 and is expected to be completed over four years.
As the broker for MTA’s for Capital Plan Owner Controlled Insuran
ce Programs (OCIPs) 1 and 2, Alliant said in a press release that it marketed and placed insurance for both progr
ams and has provided all related OCIP services including administration, claims, safety and loss control.
With the initial OCIP program, Alliant said it saved the MTA 2-3% of
its estimated construction value, which the broker said factored into its w
inning the contract for the Phase 2 OCIP following a bidding process with three major brokers.
The broker said its construction and public entity specialists had knowledge of the specific challenges relatin
g to OCIPs and, in New York specifically, the regulations, labor laws a
nd project owner requirements that impact clients.
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“The MTA win demonstrates Alliant’s credibility and competency in broking the most complex construction pro
jects in the public entity space,” boasted Peter Arkley, president, National Brokerage, Alliant.
Phase 2 of the Second Avenue Subway will create service for the re
sidents and businesses of East Harlem, an area MTA says “has been a
subway desert ever since the Second Avenue El stopped service above 57 Street in 1940.” Phase 2 will bring a subway li
ne back to the neighborhood by extending Q line service north from 96 S
treet to 125 Street and creating three new stations at 106, 116, and 125 streets.
MTA serves a population of 15.3 million people across New Yor
k City, Long Island, southeastern New York State, and Connecticut. Its network comprises the nation’s largest bus
fleet and more subway and commuter rail cars than all other U.S. transit systems combined.