Reinsurance News

McLarens acquires Canadian loss adjuster MGB Claims

4th August 2021 - Author: Charlie Wood

Insurance services provider McLarens is set to acquire MGB Claims, a complex commercial claims adjusting firm based in Canada.

handshake-bwHeadquartered in Toronto with additional employees in Calgary and Vancouver, MGB Claims’ team consists of 25 adjusters plus additional support personnel.

MGB Claims focuses on large and complex claims in Canada and the US across lines such as Property & Casualty; Professional and Commercial General Liability; Cyber; Medical Liability; Energy & Natural Resources; Environmental; and Film & Entertainment.

The company is seen as a complementary fit with McLarens, adding significant and multi-faceted complex loss management expertise and technical skills to McLarens’ existing aviation and natural resources operations in Canada.

Effective immediately, MGB Claims will become part of McLarens North America claims and loss adjusting division, which is led by Steve Whitmarsh, Chief Operating Officer (North America).

The firm’s three founding principals, Shawn Malik, James Giffen and Shawn Burnett, will continue to manage the business, supported by the current executive leadership team and staff who will remain in their existing roles.

During integration, loss adjusting services will continue to be delivered under the MGB brand.

“Our global market strategy is based on building close partnerships with leading complex commercial claims adjusting firms,” said Gary Brown, Chief Executive Officer of McLarens.

“We’re excited to welcome MGB Claims to McLarens. Its outstanding reputation, team-oriented culture and loyal client base is a perfect match to our growing business in North America.

“With its strong team and commanding market presence, this acquisition will provide the potential to further expand commercial and specialty loss adjusting services to domestic and multinational clients in Canada and the US.”

MGB Claims Principals Shawn Malik, James Giffen and Shawn Burnett added, “We are delighted and proud to have found a North American partner in McLarens which so closely aligns with our business philosophy.

“Our people will continue to make us what we are: a firm to trust. We know that McLarens shares our values and culture and we see strong growth potential from working together. Our entire Management team is excited about the future and ready to join forces with McLarens.”

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