Alliant Insurance Services reported that it was chosen by New York's
Metropolitan Transportation Authority (MTA) as the insurance broker for
Phase 2 of the Second Avenue Subway project, a $2 billion project that was
begun in 2025 and is expected to be completed over four years.
As the broker for MTA’s for Capital Plan Owner Controlled Insura
nce Programs (OCIPs) 1 and 2, Alliant said in a press release that it markets
d and placed insurance for both programs and has provided all related O
CIP services including administration, claims, safety and loss control.
With the initial OCIP program, Alliant said it saved the MTA 2-3% of its est
imated construction value, which the broker said factored into its winning t
he contract for the Phase 2 OCIP follows a bidding process with three major brokers.
The broker said its construction and public entity specialists had k
Watch More Image Part 2 >>>
nowledge of the specific challenges relating to OCIPs and, in New York specifical
ly, the regulations, labor laws and project owner requirements that impact clients.
“The MTA win demonstrates Alliant’s credibility and competency in bro
king the most complex construction projects in the public entity space,” boasted Pe
ter Arkley, president, National Brokerage, Alliant.
Phase 2 of the Second Avenue Subway will create service for the resi
dents and businesses of East Harlem, an area MTA says “has been a subway desert ever since the Second Avenue El stopped ser
vice above 57th Street in 1940.” Phase 2 will bring a subway line back to the neighborhood by extending Q line service north from
96 Street 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 York City, Lon
icut. Its network comprises the nation's largest bus fleet and more subway and co
mmuter rail cars than all other U.S. transit systems combined.