Insurance services provider Charles Taylor has announced its acquisition of Insurance Engineering Services (IES), a loss adjusting practice headquartered in Italy.
IES provides a range of services including loss adjusting, corporate claims management, risk engineering and training to the insurance market.
Charles Taylor says the acquisition supports the growth of its adjusting business as well as its expansion within the European property and casualty market.
“Charles Taylor Adjusting is a global leader in adjusting large, complex losses for property and casualty, natural resources, marine, and aviation insurance clients. The addition of IES is another step in our growth strategy for Claims Solutions and specifically our Adjusting business.” said Rob Brown, Group CEO, Charles Taylor.
“It adds to our capabilities and reach in Italy and other European markets, enabling us to do more for our clients and to bring the benefits of Charles Taylor’s broader solutions to IES’ clients.”
IES joins Charles Taylor’s 3,000 person strong team and as a result will have access to its suite of global claims, insurance management, and technology solutions.
“Thanks to the dedication of our colleagues and the outstanding client service we have provided for the past 25 years, IES has been able to reach a leading position in the market,” said Carlo Tozzi Spadoni and Giuseppe Degradi, Co-CEOs & Founding Partners IES.
“When we deliberated over what the future holds for our business, Charles Taylor’s strong technology platform and entrepreneurial culture was an immediate fit.
“We are looking forward to bringing our expertise and knowledge to this global name.”