Charles Taylor makes LatAm acquisition

International loss adjuster, Charles Taylor Adjusting (CTA) has acquired FGR group. FGR will be integrated with CTA’s existing Latin American adjusting businesses, which are led by Felipe Ramirez, managing director and regional head, Latin America. CTA operates in the property & casualty market, with a focus in construction, engineering, liability and catastrophe losses. The claims management business provides insurance claim settlement services to insurance companies in the Chilean market handling 3.1 million claims in 2017. FGR has worked on major CAT events, including the 2015 Chilean floods, 2016 Ecuador earthquake and 2017 Puerto Rico hurricanes in association with Charles Taylor Adjusting. FGR is located on the ‘Pacific Ring of Fire’, which gives it greater exposure to CAT events in the region. The acquisition will expand Charles Taylor’s existing network, client base and presence across Latin America. It will also add technical expertise and services to CTA’s loss adjusting offering in the region, said the company. FGR’s clients will be able to access additional lines of business and further services offered by CTA and the wider Charles Taylor Group. Damian Ely, CEO, Charles Taylor Adjusting, said: “This acquisition greatly strengthens our loss adjusting presence and capabilities in Latin America. Charles Taylor Adjusting is now one of the leading international loss adjusters in the region. We have the resources, expertise and technical skills to support local and international insurers and reinsurers with larger and more complex claims and CAT losses. “The deal progresses our strategy of strengthening our loss adjusting and claims management capabilities in selected markets.”

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