Charles Taylor snaps up third party claims administrator in US

Charles Taylor Group has acquired Southern California third party claims administrator Metro Risk Management (MRM) from Nautilus International Holding Corporation.

MRM provides state and federal workers’ compensation claims administration services to self-insured clients, insurers and captives.

The acquisition will expand Charles Taylor’s Long Beach California presence, and further expand its capabilities in outsourced claims services.

Christopher Schaffer, USA CEO, Charles Taylor Insurance Support Services, said: "We are excited to join forces with MRM, given the company’s history of providing quality services and proven expertise to long-term, deeply satisfied clients. MRM broadens our claim services on the USA West Coast, providing a valuable addition to our core federal workers’ compensation, ports and terminals, marine, casualty and cyber TPA business."

David Marock, group chief executive officer, Charles Taylor added: "This acquisition reflects our continued commitment to growing our TPA business in the USA and globally, to expanding our technical expertise internationally, and to strengthening our relationships with high-quality clients."

James Callahan, chairman, president and CEO of Nautilus, commented: "We have worked closely with Charles Taylor for many years, and know first-hand the insurance expertise and professionalism of the team. Charles Taylor provides MRM with the resources and expertise to expand its services to a wider range of clients. More importantly, the acquisition provides our experienced and quality staff with greater opportunities for career development and advancement."

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