Charles Taylor acquires TPA Aegis

Charles Taylor Group, a London-based a claims and risk management company, on Tuesday announced it has acquired Aegis Corp., a Brookfield, Wisconsin-based mutual management and third-party claims administrator.

Terms of the transaction were not disclosed.

The addition of Aegis bolsters Charles Taylor’s capabilities in mutual management and claims handing and also builds the company’s public entities capabilities, Rob Brown, group CEO for Charles Taylor, said in a statement. “This acquisition aligns with our Group-wide strategy and provides us with the scale, expertise and capabilities to accelerate the rapid growth of our U.S. business.”

 

Aegis provides risk pools and self-insureds with customized insurance and claims management programs focused on the unique needs of public entities and municipal organizations. The company includes approximately 45 employees who oversee insurance programs and manage claims for approximately 200 clients with $350 million in annual premiums under management, according to the statement.

 

Charles Taylor’s existing team includes more than 3,000 professionals worldwide. Aegis’ clients will have access to Charles Taylor’s full suite of global claims, insurance management, and technology solutions, according to the statement.