May 27, 2015 by Canadian Underwriter
Independent adjusting and claims management company ClaimsPro, announced on Wednesday that it has acquired Atlantic Canada adjusting service Plant Hope Adjusters Ltd.
Fred Plant (pictured, right), formerly president of Plant Hope Adjusters Ltd., will serve as senior vice president, operations, Atlantic Canada, with ClaimsPro and will work alongside Wayne Guy, ClaimsPro’s vice president, Atlantic Canada.
ClaimsPro, a company of SCM Insurance Services, noted in a press release that Plant Hope Adjusters is the largest employee-owned regional independent adjusting service in Atlantic Canada, with 11 offices and 42 adjusters operating in the Maritime provinces. Plant Hope provides services in complete loss investigation, marine surveying and claims management to insurers.
Led by president Fred Plant , an associate of the Insurance Institute of Canada and previously the president of the Canadian Independent Adjusters’ Association (CIAA), Plant Hope “exemplifies the type of strategic acquisition ClaimsPro strives to make in providing the best possible service and geographical coverage to its clients,” the release said.
“We are excited about this new alliance,” Plant said. “When we looked at our philosophy and ClaimsPro’s business strategy, we found significant alignment centered on our people and our commitment to delivering the best service to our clients.”
Ross Betteridge, president of ClaimsPro, said in the release that the company identified Plant Hope as one that “shares our corporate values and philosophy” and that the “alliance gives us important regional scale. This merger means a great deal for us,” Betteridge said.
The acquisition came less than a month after ClaimsPro announced the appointment of Betteridge as its new president, succeeding Bob Fitzgerald, who assumed the role of CEO of SCM in January.
“Plant Hope Adjusters has provided comprehensive adjusting services to Canada’s Atlantic Region for more than eighty years,” stated Fitzgerald. “The addition of the great team of people at Plant Hope continues to strengthen ClaimsPro’s presence in Atlantic Canada.”