Loss Adjusting Firms Finishing International Merger

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NU Online News Service, July 29, 4:09 p.m.EDT?A U.S. adjusting firm based in Georgia and a Britishone said today that they have reached the final phase of theirmerger to create McLarens Young International.

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The companies that are combining are Maxson Young Associates,Inc. and McLarens International Group Ltd. in London.

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Vernon F. Chalfant, president and chief executive officer ofMaxson Young Associates Inc. in Norcross, Ga., said, as of Friday,the company will have begun using the new McLarens YoungInternational stationary, the telephones will be answered with thatname and the business cards changed.

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"All the branding is effective Aug. 1," he said. And the onlything remaining is "lawyers and accountants finalizing duediligence on the merger."

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The merged firms said that by functioning as one company,McLarens Young International is better positioned to deliver theexpertise of its worldwide network of loss adjusting and claimsmanagement services to a global insurance and risk managementmarketplace.

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McLarens Young International said that with 130 offices in morethan 70 countries, it is the only worldwide loss adjusting companyowned by its employees.

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"The full integration and merger of our two companies reflectsour commitment to delivering long-term value to our clients on aglobal basis," said Mr. Chalfant.

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Peter Tinsley, chief executive of McLarens International GroupLtd., said that the firms "were greatly aided by the fact that bothcompanies are employee-owned with similar corporate cultures andcomplementary organizational structures, employing some of theleading practitioners in the field.

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"Our merger creates a world-class organization that combinesglobal reach with the ability to respond individually to ourclients needs.''

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McLarens Young International provides loss adjusting, claimsmanagement, pre-risk and damage survey services.

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