Enservio has entered into a definitive agreement to acquire Insurers World to expand its national presence and offer property insurers a wider range of solutions, from strategic analytics to claims software and services.
The Needham, Mass.-based company made the announcement today via its website, noting the combined entity provide solutions to 12 of the largest property insurers in the U.S., serving more than 300 insurance customers and employing a 450-person staff.
“Insurers World is an excellent company with strong management, great products, and similar values, and we have watched and admired them for years,” said Jon McNeill, CEO of Enservio. We are thrilled to welcome [them] to [our] family. This acquisition doubles the value we bring to our customers and doubles our geographic footprint in our claims services business.”
Don Stafford of Insurers World expressed similar enthusiasm about the partnership.
“We are thrilled to be joining Enservio and to benefit from their continued drive to create real innovation and efficiencies in the industry, including their enterprise Software as a Service (SaaS) platform. Together, we’ll not only provide our customers with the same unparalleled service levels, but also offer them a broader range of industry-changing solutions like the ReStoreMall and ReStoreCard.”
With this acquisition, Insurers World will retain its distinct brand identity and will continue to be based in Canton, Mass.