Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
General Insurance
Return to: IBR Home | General Insurance | Claims

Charles Taylor buys third party claims administrator Metro Risk Management

IBR Staff Writer Published 05 September 2017

UK-based Charles Taylor has purchased a Southern California-based third party claims administrator (TPA) Metro Risk Management (MRM) from Nautilus International in an effort to widen its US workers compensation claims capabilities.

MRM offers services to state and federal workers’ compensation claims administration to self-insured clients and insurers. 

The deal will allow Charles Taylor to expand its business in Long Beach California by adding 13 workers’ compensation claims specialists to its team.

Charles Taylor Insurance Support Services USA CEO Christopher Schaffer said that this acquisition allows the company to widen their claim services across the West Coast of the US.

The deal adds a value to the core federal workers’ compensation, ports and terminals, marine, casualty and cyber TPA businesses.

Acquisition of MRM will also enhance the Charles Taylor TPA US growth and highlights its capabilities in outsourced claims services. 

Nautilus chairman, president and CEO James Callahan said: “Charles Taylor provides MRM with the resources and expertise to expand its services to a wider range of clients.”

Charles Taylor Group CEO David Marock said: “This acquisition reflects our continued commitment to growing our TPA business in the USA and globally, to expanding our technical expertise internationally, and to strengthening our relationships with high-quality clients.”

The transaction is anticipated to be closed by 5 September 2017.

Image: Charles Taylor aqcuires Metro Risk Management. Photo: courtesy of adamr at FreeDigitalPhotos.net.