Charles Taylor has agreed to acquire Metro Risk Management LLC (MRM), a Southern California third-party claims administrator, from Nautilus International Holding Corporation.
The acquisition will allow Charles Taylor to extend its workers’ compensation claims capabilities, with the benefit of MRM’s experience in managing claims for insurers, self-insurers and captives.
It will also add 13 workers’ compensation claims specialists to the Charles Taylor team.
The transaction was due to complete on 5 September.
Christopher Schaffer, CEO of Charles Taylor Insurance Support Services in the US, 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 US West Coast, providing a valuable addition to our core federal workers’ compensation, ports and terminals, marine, casualty and cyber third-party administrator business.”
James Callahan, chairman, president and CEO of Nautilus, added: “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.”