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York Press Release - ARPCO Acquisition
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York Insurance Services Group, Inc. acquires American Risk Pooling Consultants, Inc.
• Acquisition enhances York’s expertise in insurance services for public entities
• York expands footprint in Midwest insurance market
PARSIPPANY, N.J., (June 30, 2008) – York Insurance Services Group, Inc. (York), a premier national provider of claims-handling, specialized loss adjusting and other insurance services, today announced it has acquired Southfield, Mich.-based American Risk Pooling Consultants, Inc. (ARPCO) and its affiliates. ARPCO was a wholly-owned subsidiary of First Mercury Financial Corporation. The terms of the acquisition were not disclosed.
ARPCO provides pool administration services, including underwriting, claims, loss control/risk management and reinsurance, for self-insured public entity pools throughout the Midwest. ARPCO President John Brockschmidt will become part of York Risk Management Services (York RMS), a division of York that specializes in public entities, such as cities, townships, special districts and schools, as well as providing services to MGA programs and the commercial middle market. York RMS runs such programs in every region of the U.S.
“With the acquisition of ARPCO, York is continuing its tradition of providing insurance services for public entities,” says Rick Taketa, chief executive officer and president of York RMS. “ARPCO provides highly valuable services for its clients throughout the Midwest and expands York’s footprint in these important geographic markets.”
“I look forward to joining York. The two companies have similar philosophies that will benefit both ARPCO-administered pools and ARPCO employees,” says Brockschmidt. “Both ARPCO and York focus on providing exceptional customer service for the benefit of their clients.”
Tom MacArthur, chairman and chief executive officer, York Insurance Services Group, says, “We welcome ARPCO and look forward to coming together as one company. Over these past few months, it has become clear to me that our new colleagues at ARPCO share the same values and work hard to protect clients’ assets, relationships and reputations.”
Including ARPCO, York is a leading third party administrator for governmental entities in the U.S., providing services to nearly 4,000 public entity clients nationwide.
About York Insurance Services Group
York Insurance Services Group, Inc. is a premier provider of claims-handling, specialized loss adjusting and other insurance services nationwide. York provides risk management solutions to a wide variety of strategic partners, including insurance carriers, self insureds, brokers, wholesalers, MGAs, programs, risk pools and public entities. York delivers customized claims solutions for all lines of business, including property, liability, products liability, ocean and inland marine, environmental, transportation and logistics, construction, and workers’ compensation and managed care. York is based in Parsippany, N.J., and has more than 1,000 employees nationwide. Visit us on the Web at www.yorkisg.com.
About American Risk Pooling Consultants
Since 1987, ARPCO has provided third party administration services, including underwriting, claims, loss control and reinsurance services, for public entity risk-sharing pools. ARPCO’s philosophy emphasizes long-term relationships with clients by providing customized services.
For more information, contact:
MaryBeth Iannaccone
Marketing Communications Manager
York Insurance Services Group, Inc.
Tel: (973) 404-1262
E-mail: marybeth.iannaccone@york-claims.com
Cindy Dieck, CPCU, AIM, ARM
Vice President
American Risk Pooling Consultants, Inc.
Tel: (248) 358-4010, ex. 236
E-mail: cdieck@arpcopooling.com
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York Press Release - Axis Alliance
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York Insurance Services Group, Inc. acquires North American specialist adjusting business of Axis International Loss Adjusters and Surveyors
PARSIPPANY, N.J., (April 2, 2008) – York Specialized Loss Adjusting, a division of NJ-based York Insurance Services Group, Inc., today announced it has acquired the North American specialist adjusting business of London-based Axis International Loss Adjusters and Surveyors, for an undisclosed sum. The deal also includes a strategic alliance whereby Axis will refer to York any U.S. business developed as a result of its international operations.
The acquisition includes Axis’ U.S. operations, which perform specialized adjusting services aimed at the commercial property-casualty and energy sectors, as well as other niche areas, with locations in Austin, Boston, Dallas, Hartford, Houston, San Antonio, and East Texas/Louisiana.
William Latta, director, U.S. operations, Axis, has joined York as managing director. “It is very exciting to join York and to help realize the huge amount of synergy between Axis and York,” said Latta. “I am confident our clients and employees will quickly realize that this is an integration of two companies with similar cultures, each with the appetite and ability to fully capitalize on opportunities to deliver expert, specialized adjusting services to our market.”
For York, the Axis deal further enhances the capabilities of York’s Specialized Loss Adjusting division, one of York’s most renowned and prominent core businesses. “Axis has already established a good reputation in the market,” said Danny Miller, senior vice president, York Specialized Loss Adjusting. “We feel that we can build on this reputation and further increase York’s foothold in the U.S. specialist adjusting market.”
Miller added: “The acquisition creates an important strategic alliance between York’s U.S. business and Axis’ well-regarded international operations. We expect to put Axis’ international reach and experience to work for our U.S. clients, and we look forward to providing our expertise to Axis’ international clients in the U.S.”
Commenting on York’s recent growth, York Chairman and CEO Tom MacArthur said, “The Axis acquisition is another important step in York’s targeted growth strategy. This deal will add further value to our mutual clients by providing expertise and excellent service to the specialized adjusting market.”
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