Charles Taylor extends marine claims management capability with deal

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.