In a transaction initiated by ACS Partners' New York member, AMA International, Charles Taylor TPA has acquired Aasgard Summit Management Services, Inc. (Aasgard Summit), a provider of marine claims management and related technical services focusing on the US West Coast states. This strategic move further strengthens Charles Taylor’s marine claims management capabilities in the US, an important component of the Group’s global specialist claims management services.
The acquisition secures Charles Taylor’s position as one of the largest US providers of claims services to the maritime community. Aasgard Summit, with offices in Seattle and Hawaii, adds to Charles Taylor’s strong and growing presence in the strategic West Coast states, home to some of the US’s largest ports and marine operators.
Aasgard Summit also adds further specialist marine surveying capabilities to Charles Taylor’s existing global range of technical insurance services. Marine surveying has strong linkages and potential synergies with Charles Taylor’s existing marine claims management and marine adjusting businesses.
The deal follows Charles Taylor’s acquisition of Metro Risk Management in September 2017, which strengthened the Group’s workers’ compensation claims management capabilities in California.