Charles Taylor has announced the acquisition of Aegis Corporation, a Wisconsin-based mutual management and third-party claims administration firm.
“Mutual management and claims handling have been essential parts of Charles Taylor’s services for more than a century,” said Rob Brown, group CEO of Charles Taylor. “The addition of Aegis further bolsters our capabilities in this segment and also builds our ability to serve public entities. This acquisition aligns with our group-wide strategy and provides us with the scale, expertise, and capabilities to accelerate the rapid growth of our US business.”
Aegis provides risk pools and self-insureds with customized insurance and claims-management programs focused on the needs of public entities and municipal organizations. The firm has about 45 employees and oversees insurance programs and manages claims for about 200 clients with $350 million in annual premiums under management.
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“The addition of Aegis is exciting due to the strength of both the cultural and the strategic fit,” said Christopher Schaffer, CEO of Charles Taylor TPA. “Both Charles Taylor and Aegis have forged long-term, trusted partnerships with clients through unrivaled insurance expertise, and this partnership will strengthen Charles Taylor’s position in the US mutual management and public entity markets while greatly enhancing Aegis’ claims management offering.”
The acquisition comes shortly after Charles Taylor’s acquisition of SBSA in August and its agreement to acquire Cosulich Group in October.
“We look forward to joining Charles Taylor and leveraging the combined resources, expertise and technology to enhance our claims management offering and continue to create favorable claims outcomes for our clients,” said John Dirkse, president of Aegis. “We believe Charles Taylor’s client-centric approach, experience with customized insurance management, and commitment to high-quality growth in the US will greatly benefit our clients by allowing us to better serve their unique and complex needs.”