Capacity Coverage Company of New Jersey Inc. announced that its affiliate company has made a strategic investment in Tri-Partners Field Claims Services in Warren, N.J.
Tri-Partners Field Claims Services was previously owned 50/50 by Fleming & Hall Administrators Inc. and RCA Insurance Group. Under the deal, Capacity Coverage is purchasing a third of Tri-Partners Field Claims Services — with Fleming & Hall Administrators, RCA Insurance Group and Capacity Coverage now each owning a third of Tri-Partners. Additional terms of the transaction were not disclosed.
Tri-Partners focuses on providing investigation and adjustment services to specialty insurance carriers throughout the United States. It currently concentrates on the following lines of business: commercial property, general liability, transportation, construction and miscellaneous E&O. Its team includes claim specialists and private investigators who have significant insurance defense, coverage and national litigation backgrounds.
Capacity Coverage Company said that through this investment, it has partnered with Fleming & Hall and RCA to continue Tri-Partners’ growth in its national field claims service operation.
Robert Lull, CEO of Capacity Coverage, stated, “We are convinced that Tri-Partners is well positioned to continue to its rapid growth trajectory due to the efforts of Fleming & Hall and RCA, as well as the strength of the Tri-Partners team. We are delighted to be working with them as partners.”
Capacity Coverage is a specialty insurance and financial services organization headquartered in Mahwah, N.J., with over 280 employees in 14 retail and wholesale offices.
Fleming & Hall is a privately-held national third party administration firm providing risk management, claims management and information management services to specialty and surplus lines insurance and Lloyd’s markets. Headquartered in Atlanta, Fleming & Hall has additional offices in New York, Georgia, Florida and California.
RCA, headquartered in Clifton, N.J., is a general agency and program manager, specializing in offering a package program to the restaurant/tavern market niche.