McLarens Young International (MYI), the only employee-owned global loss adjusting firm in existence, today announced a merger with Airclaims, a large global provider of claims, risk, and asset management services to the aviation community.
"This merger is part of our long term strategy of growth—both organically and by acquisition— in key markets across the globe," said Vern Chalfant, CEO of MYI. "Aviation is an ideal sector for MYI: a global market, dominated by a small number of niche players, which requires a very technical approach to loss adjusting. Airclaims is the world leader in this sector, so this was a natural fit for us."
In terms of the broader corporate strategy, Chalfant said that current market conditions are ripe for consolidation and that the move will enable MYI to "further enhance its position as a player for the provision of loss adjusting services across the aviation industry.
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