International loss adjuster Charles Taylor Adjusting has announced the acquisition of FGR Group, a loss adjusting and claims program management services company. FGR employs about 385 people in both Chile and Peru, and has a growing presence across Latin America.
FGR’s loss adjusting business operates in the property and casualty market, with a focus on construction, engineering, liability and catastrophe losses. The claims management business provides insurance claim-settlement services to insurance companies in the Chilean market. It handled about 3.1 million claims last year.
“This acquisition greatly strengthens our loss adjusting presence and capabilities in Latin America,” said Damian Ely, CEO of Charles Taylor Adjusting. “Charles Taylor Adjusting is now one of the leading international loss adjusters in the region. We have the resources, expertise and technical skills to support local and international insurers and reinsurers with larger and more complex claims and CAT losses.”
“Becoming part of the Charles Taylor family represents a huge opportunity for FGR,” said Ignacio Barriga, CEO of FGR. “It will give us far greater access to clients in the London and international markets. We will benefit from the financial strength, reputation and resources of the Charles Taylor Group and from opportunities for cross-referral and joint working with the wider group.”