Charles Taylor expands Adjusting business and grows presence in Europe’s property and casualty market
Charles Taylor, the provider of insurance services, claims solutions and technology platforms to the global insurance market, today announced that it has acquired Insurance Engineering Services (IES), a premier loss adjusting practice with a pan-European footprint serving leading global and domestic insurance groups.
Headquartered in Italy, IES has 92 staff across 18 offices, and provides a range of services including loss adjusting, corporate claims management, risk engineering and training to the insurance market. The acquisition supports the growth of Charles Taylor’s Adjusting business, and 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 the Charles Taylor team of more than 3,000 professionals around the world and will have access to the firm’s full 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. When we deliberated over what the future holds for our business, Charles Taylor’s strong technology platform and entrepreneurial culture was an immediate fit,” said Carlo Tozzi Spadoni and Giuseppe Degradi, Co-CEOs & Founding Partners IES. “We are looking forward to bringing our expertise and knowledge to this global name.”
IES’ shareholders were advised by Zelig Capital Partners on this transaction.
This acquisition comes shortly after other recent Charles Taylor acquisitions of Syndicate Claim Services, Inc. in April 2021, Cosulich Marine Consultants Group in March 2021, Aegis Corporation in January 2021 and SBSA in September 2020.
Alexa Bethell – Prosek Partners
About Charles Taylor
Charles Taylor provides insurance services, claims solutions and technology platforms to all parties across the global insurance market. Its technical expertise, technological tools and breadth of solutions enable its clients to outperform, by addressing complexities and challenges across every stage and aspect of the insurance lifecycle and operating model.
Charles Taylor employs approximately 3,100 staff in more than 120 locations spread across 30 countries in Europe, the Americas, Asia Pacific, the Middle East and Africa. It has earned the trust of a diversified, blue-chip international customer base that includes national and international insurance companies, mutuals, captives, MGAs, Lloyd's syndicates and reinsurers, along with brokers, distributors and corporate insureds.