HAMMOND, La. & CHARLOTTE, N.C.–(BUSINESS WIRE)–Worley Claims Services (“Worley”), a recognized leader in insurance claims services in the United States, has announced the acquisition of RJMW Claims Services, Inc. (“RJMW”), a provider of daily and catastrophe residential and commercial property claims services based in Charlotte, North Carolina. Financial terms of the transaction were not disclosed.
Founded in 1982, RJMW is one of the largest independent insurance claims adjusting and services providers in the U.S. The company is a multi-line insurance adjusting firm providing daily and specialized claims administration services for all claim types, including Residential, Commercial, Flood, Litigation and Third Party Administrative claim services.
“RJMW has an outstanding reputation and an expanding geographic footprint with multiple avenues for continued growth,” said Michael Worley, Chief Executive Officer of Worley. “Following on our acquisition of NCA Group earlier this year, RJMW continues to strengthen our product suite and geographic reach. The combination of these three companies has created a powerhouse in our industry with an unparalleled set of capabilities and resources to meet the evolving needs of our valued clients.”
In August, Worley completed its acquisition of NCA Group, Inc., a provider of daily and catastrophe residential and commercial property claims services throughout North America, creating a market-leading diversified claims services company.
“I have known the Worley organization for a long time and my colleagues and I are excited to be joining a group with such a breadth of products and a strong corporate culture,” said Bob McRorie, CEO of RJMW. “I am very proud of the company we have built over the past 33 years and believe joining Worley is the ideal path forward, ensuring that our employees and clients continue to be in good hands.”
Aquiline Capital Partners, a New York-based private equity firm investing in financial services, acquired a majority stake in Worley in October of 2014.
About Worley Claims Services
Worley, based in Hammond, Louisiana, is one of the largest independent providers of insurance-adjustment management services in the United States. Since 1976, Worley has consistently aided in managing claims, recovering costs and overseeing public relations following natural and man-made catastrophic events. Worley provides property, auto, personal lines, and casualty claims adjustment and related services to national and regional insurance companies as well as commercial clients and clients in the federal/state government sector. For more information, please visit: www.worleyco.com.
About RJMW Claims Inc.
Since 1982, Reid, Jones, McRorie, and Williams (RJMW Claim Services) has provided independent adjustment services for all claim types, from small claims to major catastrophes. RJMW provides Residential, Commercial, Flood, Litigation and TPA claim services as well as Branch Assist staffing and Arbitration services. For more information, please visit: www.rjmw.com.
About Aquiline Capital Partners LLC
Aquiline is a private equity firm based in New York investing in middle-market businesses across the financial services sector in banking and credit, insurance, investment management and markets, and financial technology. Aquiline targets specialized businesses that have potential for improved performance and growth in conjunction with Aquiline’s equity ownership and active involvement. The Firm consists of industry experts who use their operating experience and a hands-on approach to build value in portfolio companies. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit: www.aquiline-llc.com.
Alex Yankus / Sourav Bhowmick
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