McLarens Acquires Canadian Loss Adjusting Firm MGB Claims Consultants

August 4, 2021

McLarens, the Atlanta-based independent insurance services provider, announced the acquisition of MGB Claims Consultants Inc., a complex commercial claims adjusting firm in Canada.

Financial terms of the transaction were not disclosed.

Headquartered in Toronto with additional employees in Calgary and Vancouver, MGB Claims’ team of more than 25 adjusters and support personnel provide “creative, responsive, and proactive claims handling, detailed coverage analysis and subrogation services backed by local market expertise,” said McLarens in a statement.

As a specialized commercial adjusting firm serving local and multinational clients, MGB Claims focuses on large and complex claims in Canada and the United States in the following areas: property/casualty; professional and commercial general liability; cyber; medical liability; energy & natural resources; environmental; and film & entertainment.

In 2014, MGB Claims established its Third-Party Administrative group, which continues to grow both domestically and in the London market.

The addition of MGB Claims is a complementary fit with McLarens’ ambitious growth strategy and market expansion in North America, said McLarens.

Effective immediately, MGB Claims will become part of McLarens North America claims and loss adjusting division, which is led by Steve Whitmarsh, chief operating officer (North America). The firm’s three founding principals, Shawn Malik, James Giffen and Shawn Burnett, will continue to manage the business, supported by the current executive leadership team and staff who will remain in their existing roles. During integration, loss adjusting services will continue to be delivered under the MGB brand.

“Our global market strategy is based on building close partnerships with leading complex commercial claims adjusting firms. We’re excited to welcome MGB Claims to McLarens. Its outstanding reputation, team-oriented culture and loyal client base is a perfect match to our growing business in North America,” commented Gary Brown, chief executive officer of McLarens.

“With its strong team and commanding market presence, this acquisition will provide the potential to further expand commercial and specialty loss adjusting services to domestic and multinational clients in Canada and the U.S.,” Brown added.

“We are delighted and proud to have found a North American partner in McLarens which so closely aligns with our business philosophy. From its modest beginnings in 2010, MGB Claims has been a dedicated alternative for the commercial and industrial markets in Canada,” said MGB Claims Principals Shawn Malik, James Giffen and Shawn Burnett, in a joint statement.

Founded in 1931 and operating in 41 countries, McLarens provides loss adjusting, claims and risk management services, as well as auditing and pre-risk surveying. McLarens operates across a range of industries with specialties such as property, crisis management, natural resources, construction & engineering, natural resources, agriculture, aviation, casualty, marine, fine arts & jewelry (FAJ) & specie, global third party administration (TPA) services and environmental consulting services.

Source: McLarens

Topics Mergers Claims Profit Loss Canada

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