Worley Claims Services to Acquire Indiana-Based NCA Group

Hammond, La.-based insurance claims services provider, Worley Claims Services (Worley), is acquiring NCA Group Inc. (NCA), which provides daily and catastrophe residential and commercial property claims services throughout North America. NCA Group is headquartered in Indiana.

Worley said the acquisition creates a diversified claims services company with the ability to mobilize one of the largest adjuster networks in the United States for both daily and catastrophe claims events.

NCA will maintain its independent operations within Worley and the senior management teams will actively collaborate to maximize the advantages of the combined platform for the entire client, adjuster and employee bases.

Michael Worley will remain chief executive officer of the combined company, and Allen Carpenter and Jim Pearl will run day-to-day operations as co-presidents.

Aquiline Capital Partners, a New York-based private equity firm investing in financial services, acquired a majority stake in Worley in October 2014.

StoneRidge Advisors LLC acted as financial advisor to NCA.

Source: Worley Claims Services

Topics Mergers & Acquisitions Claims