SCM Insurance Services, Canada’s largest independent, privately owned insurance services provider, has announced the acquisition of Arkansas-based Affirmative Risk Management (ARM).
Founded in 1987, ARM is a multi-line independent adjusting and third-party administration firm to the Lloyd’s marketplace with an emphasis on trucking/cargo and liability claims.
“Our investment in the talented team of people at ARM exemplifies our commitment to serve customers across North America,” said Bob Fitzgerald, CEO of SCM Insurance Services. “Leveraging our market leading technology, management information, and skilled professionals, ARM complements our existing presence in the US as we continue to grow.”
SCM first entered the US market in May 2017 with the acquisition of claims adjusting firm, Nixon & Company, Inc. Its latest venture with ARM highlights SCM’s commitment to the US market.
“This acquisition gives us the chance to grow further in the program space with a firm that is well-respected by Lloyd’s and has deep trucking and liability expertise,” said Scott Goodreau, SCM’s chief operating officer - USA. “Like Nixon & Company before it, ARM has the service capability and geographic reach that make it an ideal choice for SCM’s further expansion into the US.”
ARM will remain headquartered in Little Rock, Arkansas, and will continue to be led by current president David Elliott, who will report directly to Goodreau. Elliot commented: “This is a wonderful opportunity for our business and our clients, and we look forward to partnering with SCM Insurance Services.”