Insurtech-led third-party claims administrator (TPA) Advent Claims has partnered with pan-European claims specialist Van Ameyde to complete its global network.
Extending the TPA’s capabilities to Lloyd’s managing agents and coverholders across Europe and 40 countries globally, the agreement follows similar joint ventures in North America and Australia. Advent Claims said it now has access to about 80% of Lloyd’s coverholders.
The partnership includes Van Ameyde making a “strategic investment” in Advent Claims to provide capital aimed at aiding growth acceleration. There’s an opportunity for possible acquisitions, in addition to product & service development.
“Europe is an important and growing region for Lloyd’s and the London market, with many insurers committed to opening EU subsidiaries post-Brexit,” said Advent Claims managing director Jerry McArthur. “We are delighted to have partnered with Van Ameyde to deliver claims support across Europe, both in the run up to and during a critical transitional period for the market and beyond.”
Van Ameyde group chief executive Piet Middelkoop commented: “Our investment in and partnership with Advent Claims reflects our firm belief in the management team’s entrepreneurial ability to deliver relevant, timely, and creative solutions.”
Middelkoop said the TPA’s established presence in the US, Canada, and Australia will also be beneficial to Van Ameyde in extending its geographic reach. “This is a truly symbiotic partnership that will yield significant future benefits for both businesses and for our clients,” he added.
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