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Specialist loss adjuster VRS VeriClaim Inc., a wholly owned subsidiary of Sedgwick Claims Management Services Inc., said it has acquired Leeds, England-based specialist property and liability loss adjusting company Certo.
VeriClaim's acquisition of Certo will develop its third-party administration and commercial loss adjusting capability in the United Kingdom, the company said in a statement. VeriClaim is based in Naperville, Illinois, and VRS VeriClaim U.K. Ltd. is based in London.
Terms of the deal, announced last Wednesday, were not disclosed.
Certo's 70 employees will join VeriClaim with Certo Managing Director David Harrison overseeing the new VeriClaim TPA business in the U.K.
“We shall retain the Certo brand for all TPA in the U.K. going forward, with our loss adjusting standing behind the vrs Vericlaim U.K. brand,” Stewart Steel, VeriClaim U.K. managing director, said in an emailed statement.
“In addition to providing a first-class, traditional loss adjusting service, Certo has developed a successful TPA operation and is a highly valued partner to leading players in the London market. The expansion of our current TPA capabilities aligns nicely with VeriClaim's and Sedgwick's strategic development plans,” Mr. Steel said.
Sedgwick Claims Management Services Inc. has signed an agreement to acquire T&H Global Holdings L.L.C. and its subsidiaries, the Memphis, Tennessee-based third-party administrator said Wednesday.