Canadian Underwriter

Canadian Insurance Services Provider Expands International Presence with Acquisition of a UK-Based Specialty Adjusting Firm

March 22, 2010   by SCM Insurance Services

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Edmonton, Alberta, March 22nd, 2010 Canadas largest insurance services provider, SCM Insurance Services, announced today the acquisition of AXIS Adjusters Europe Ltd (Axis), a specialty adjusting firm in the United Kingdom. AXIS will be the London-based European division of ClaimsPro, SCMs claims management and adjusting business division. The move also partnered SCM with AXIS Internationals operating branches across the globe. The acquisition of this London-based firm will serve as a springboard for SCMs strategic plan for long-term growth and expansion into the United Kingdom and International markets.

Larry Shumka, President & CEO of SCM Insurance Services confirms that the acquisition is a strategic move that allows SCM to further enhance services to clients doing business with Lloyds of London. Having a physical presence in London will help SCM augment relations for its domestic Lloyds clients, but will also offer enhanced services to Lloyds clients doing business in Canada. Axis has ongoing relationships with the Lloyds marketplace, and has a strong reputation as experts in the high-end, special-risk niche.

Based in London, England, Axis currently operates from several offices within the UK. Axis Executive Directors, Alistair Jacob and Norman Mitchell will continue to hold key management positions. The partnership between Axis and SCM is ideal because it aligns Axis specialization in processing large, complex claims and surveying, with SCMs existing range of insurance services. The acquisition will also place Axis in a favourable position for continued growth, as SCMs leading-edge claims technology will benefit both operations and clients significantly.

This is a great opportunity to introduce SCMs other state-of-the-art insurance services into the European markets, adds Shumka; We see a real demand for the services that our sister companies have been providing here in Canada, and feel that well have a stronger foothold from which to launch them once weve solidified a physical presence in the UK. Weve been doing some great business with our partners over in London, and this move is quite simply the next step in the relationship. SCM companies, ClaimsPro, Risk Management Services (RMS), SCMTech, and Forensic Investigations Canada (FIC) currently have access to the nations largest database of loss-trending analytics, information that is highly valuable for the European marketplace.

SCM is Canadas largest independent provider of claims management, risk management, and related services. Innovative technology, expert staff and solid customer service are the hallmarks that distinguish SCM Insurance Services.

For more information, please contact:

Larry Shumka, FCIP
President & CEO
SCM Insurance Services

Patrick Garuk, CIP, BA
Chief Operating Executive

Alistair Jacob
Executive Director
Axis International/ClaimsPro
+44 7776 147150

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