York Insurance Services Group announced today that its Specialized Loss Adjusting division has acquired the North American specialist adjusting business of London-based Axis International Loss Adjusters and Surveyors.
The price of the deal was not disclosed, but the Parsippany, N.J.-based third-party administrator said the deal includes a strategic alliance whereby Axis will refer to York any U.S. business developed as a result of its international operations.
The acquisition includes Axis’ U.S. operations, which perform specialized adjusting services aimed at the commercial property-casualty and energy sectors, as well as other niche areas, with locations in Austin, Boston, Dallas, Hartford, Houston, San Antonio and East Texas/Louisiana, York said.
William Latta, director, U.S. operations, Axis, has joined York as managing director.
In a statement, York Chairman and CEO Tom MacArthur said, “The Axis acquisition is another important step in York’s targeted growth strategy. This deal will add further value to our mutual clients by providing expertise and excellent service to the specialized adjusting market.”
York Insurance Services Group Inc. is a provider of claims-handling, specialized loss adjusting and other insurance services nationwide. In addition, York provides risk management solutions to a wide variety of strategic partners, including insurance carriers, self-insureds, brokers, wholesalers, MGAs, programs and public entities.
York delivers customized claims solutions for all lines of business, including property, liability, ocean and inland marine, environmental, transportation and logistics, construction, and workers’ compensation and managed care.
Axis provides loss adjusting, claims management and risk surveying services, with core services comprised of commercial property-casualty and construction- and energy-related activities.