Charles Taylor has agreed to acquire Metro Risk Management LLC (MRM) from Nautilus International Holding Corporation (Nautilus) for an undisclosed amount.
The deal is part of Charles Taylor’s plans to extend its US workers’ compensation claims capabilities. Based in Southern California, MRM provides state and federal workers’ compensation claims administration services to self-insured clients and insurers.
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Acquiring the third-party claims administrator (TPA) will see the addition of 13 highly experienced workers’ compensation claims specialists to the Charles Taylor team – expanding the buyer’s presence in Long Beach in support of its TPA growth in the US.
James Callahan, Nautilus chairman, president, and chief executive, said the transaction will provide its staff with greater opportunities for career development and advancement.
“We have worked closely with Charles Taylor for many years, and know first-hand the insurance expertise and professionalism of the team. Charles Taylor provides MRM with the resources and expertise to expand its services to a wider range of clients,” he noted.
Christopher Schaffer, USA CEO, Charles Taylor Insurance Support Services, commented: “We are excited to join forces with MRM, given the company’s history of providing quality services and proven expertise to long-term, deeply satisfied clients.”
He said MRM broadens Charles Taylor’s claim services on the West Coast – adding to the core federal workers’ compensation, ports and terminals, marine, casualty, and cyber TPA business.
For Charles Taylor group chief executive David Marock, the acquisition reflects the firm’s continued commitment to growing its TPA business in the US and globally.
Headquartered in the UK, Charles Taylor plc is an international provider of professional services to clients in the global insurance market. With 71 offices, it employs more than 1,800 people in 28 countries.
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