Charles Taylor acquires Metro Risk Management LLC
04 September 2017
Charles Taylor acquires Metro Risk Management LLC to extend US workers compensation claims capabilities.
Charles Taylor has agreed to acquire Metro Risk Management LLC (MRM), a Southern California third party claims administrator (TPA) from Nautilus International Holding Corporation (Nautilus). MRM has substantial experience managing workers’ compensation claims for insurers, self-insurers and captives.
The transaction, which is expected to complete 5 September, will support Charles Taylor TPA U.S. growth and deepens Charles Taylor’s capabilities in outsourced claims services.
MRM provides state and federal workers’ compensation claims administration services to self-insured clients and insurers. The acquisition will expand Charles Taylor’s Long Beach California presence and will add 13 highly experienced workers’ compensation claims specialists to the Charles Taylor team.
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.”
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.”
David Marock, Group Chief Executive Officer, Charles Taylor added:
"I am delighted to welcome our new colleagues from MRM to Charles Taylor. 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.”