Charles Taylor extends marine claims management capability with deal

Acquisition adds to company’s presence on the West Coast

Charles Taylor extends marine claims management capability with deal


By Lyle Adriano

Charles Taylor TPA has expanded its marine claims management capabilities in the US with the acquisition of Aasgard Summit Management Services.

Aasgard Summit is a provider of marine claims management and related technical services, particularly focusing on the US West Coast. The company has offices in Seattle and Hawaii.

The purchase of Aasgard Summit also adds further specialist marine surveying capabilities to Charles Taylor’s suite of technical insurance services. A release said that marine surveying “has strong linkages and potential synergies with Charles Taylor’s existing marine claims management and marine adjusting businesses.”

“I am thrilled to welcome our new colleagues from Aasgard Summit to Charles Taylor. The business employs highly talented claims experts with deep technical marine experience,” said Charles Taylor Americas CEO – insurance support services Christopher Schaffer. “They will further strengthen our existing claims management capabilities across the US. We are proud to be to be teaming up with Aasgard Summit, a leader in the maritime claims services market.  It was a natural fit that enhances the services we can provide to our clients.”

“Charles Taylor is an excellent home for Aasgard Summit.  Our strength in the marine sector fits extremely well with Charles Taylor’s long maritime history,” added Aasgard Summit president Steve Kennebeck.

“This acquisition demonstrates our commitment to growing our capabilities in the US.  The Aasgard Summit team share our values of delivering exceptional technical services to their clients and I am delighted to welcome them to Charles Taylor,” commented Charles Taylor group CEO David Marock.

Marock added that the transaction is part of the company’s strategy to grow its business organically while developing its professional services capabilities.


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