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Showing posts with label 2017 at 07:41PM. Show all posts
Showing posts with label 2017 at 07:41PM. Show all posts

Thursday, June 8, 2017

PE-backed Worley acquires Apex

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Worley Claims Services LLC, which is backed by Aquiline Capital Partners, has acquired Westfield, Massachusetts-based Apex Claims Service of New England LLC, a provider of daily and catastrophe commercial and residential property claims. No financial terms were disclosed. StoneRidge Advisors LLC advised Worley on the transaction.

PRESS RELEASE

HAMMOND, La.–(BUSINESS WIRE)–Worley Claims Services, LLC (“Worley”), a recognized leader in providing insurance claims services in the United States, today announced the acquisition of Apex Claims Service of New England, LLC (“Apex”), a provider of daily and catastrophe commercial and residential property claims based in Westfield, Massachusetts. Financial terms of the transaction were not disclosed. StoneRidge Advisors, LLC advised Worley on the transaction.

Founded in 2005, Apex has established itself as a leading property claims adjusting and services provider in the Northeast. The company specializes in providing daily and complex loss adjusting services for regional and national insurance carriers.

“Apex has a fantastic reputation of delivering outstanding service in the industry and offers a strong platform to support Worley’s continued growth in the Northeast,” said Jim Pearl, CEO of Worley. “This acquisition enhances our ability to service our clients in this region with a talented team of adjusters with strong commercial property expertise. We are very pleased to have Tom, Doug, Marion and the Apex team joining Worley.”

“Apex Claims is excited to join the Worley team as we continue with our goal of providing high quality claims service to our customers,” said Tom Abel, Co-Owner of Apex. “Worley is an industry leader in the property claims industry and their expertise and resources will add to our work and high standards. We are thankful for their support and professionalism during this transitional period and look forward to many years of a successful partnership.”

The agreement with Apex is Worley’s fifth acquisition since 2015. In July of 2015, Worley acquired NCA Group, a provider of daily and catastrophe residential and commercial property claims services throughout the U.S. In October of 2015, Worley acquired Charlotte, North Carolina-based RJMW Claims Services, a regional provider of daily and catastrophe residential and commercial property claims services. In July of 2016, Worley acquired San Jose, California-based Summit Independent Claim Services, which provides commercial/GA and residential property loss adjusting services. Most recently, in August of 2016, Worley acquired Orlando, Florida-based Nexxus Solutions Group, a national managed repair contractor and service provider network serving the property insurance industry in the U.S. and Canada.

About Worley Claims Services

Worley, based in Hammond, Louisiana, is one of the largest independent providers of insurance claims management services in the United States. Worley provides property, auto, and casualty claims adjustment services and staffing solutions to national and regional insurance companies, MGAs, TPAs, self-insured corporations, as well as clients in the federal/state government sector. Aquiline Capital Partners, a New York-based private equity firm investing in financial services, acquired a majority stake in Worley in October of 2014.

For more information, please visit: http://www.worleyco.com.

About Apex Claims Service of New England

Apex Claims Service of New England is a property claims adjusting firm providing services for commercial and residential property losses in New England. Apex specializes in daily and complex adjustment services. Apex’s focus is to exceed the expectations of the policy holder and the insurance carrier by delivering the highest quality of claims service. For more information, please visit: http://ift.tt/2siQ6jm.

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June 08, 2017 at 07:33PM

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from Iris Dorbian

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Wednesday, June 7, 2017

TCL Asset Group Inc., and Liquidity Services to Manage Sale of Assets from the De Beers Canada Snap Lake Mine

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Sale Features $30 Million in Underground and Surface Mining Equipmentas well as Extensive New Inventory
YELLOWKNIFE, June 7, 2017  /PRNewswire/ – TCL Asset Group Inc., and Liquidity Services (NASDAQ: LQDT), today announced the sale of high-value surplus assets from the De Beers Canada…

June 07, 2017 at 07:34PM

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Veolia Awarded Operations Contract for North Carolina Biomass Facility

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BOSTON, June 7, 2017 /PRNewswire-USNewswire/ — Through a new $9 million annual operations and maintenance (O&M) contract with North Carolina Renewable Power – Lumberton, LLC, a subsidiary of Georgia Renewable Power (GRP), Veolia Energy Operating Services, LLC (Veolia) will manage a…

June 07, 2017 at 07:34PM

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Rajnath Singh to hold meeting of North East CMs on Monday

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Rajnath Singh to hold meeting of North East CMs on Monday Union Home Minister Rajnath Singh will hold a meeting of chief ministers of north east states bordering Myanmar here on Monday.

June 07, 2017 at 07:04PM

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Upbeat gets $1.5M to create a data science-driven alternative to PR agencies

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 Out of all the how-to guides ever written about pitching journalists, I’ve never seen one address the truth—that most are simply too busy trying not to get murdered by their inboxes to even open emails. Upbeat wants to use data science to create PR pitches that don’t automatically end up in the Trash folder. The San Francisco-based startup (formerly called PRX.co) launched… Read More

June 07, 2017 at 07:36PM

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from Catherine Shu

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Thursday, June 1, 2017

Hop on board: Govt hopes privatisation will help electrify India#39;s buses

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Hop on board: Govt hopes privatisation will help electrify India#39;s buses The government hopes that privatisation would help bring in fresh funds and thereby improve mobility services.

June 01, 2017 at 07:38PM

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from

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Buying a Samsung S8? Don’t miss out on these 3 great deals from Best Buy

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If you buy the Samsung S8 through Best Buy, you can get a gift card and a free accessory, and take advantage of a special price on the Gear 360 camera.

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June 01, 2017 at 07:36PM

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from USA TODAY

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More Americans are giving up citizenship and it’s not because of Trump

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More and more Americans are living abroad and renouncing their citizenship. But it’s not because of politics, but because of taxes. Josh King has the story (@abridgetoland).

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June 01, 2017 at 07:36PM

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from Buzz60

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Monday, May 29, 2017

Modeling Precheck Parallel Screening Process in the Face of Strategic Applicants with Incomplete Information and Screening Errors

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In security check systems, tighter screening processes increase the security level, but also cause more congestion, which could cause longer wait times. Having to deal with more congestion in lines could also cause issues for the screeners. The Transportation Security Administration (TSA) Precheck Program was introduced to create fast lanes in airports with the goal of expediting passengers who the TSA does not deem to be threats. In this lane, the TSA allows passengers to enjoy fewer restrictions in order to speed up the screening time. Motivated by the TSA Precheck Program, we study parallel queueing imperfect screening systems, where the potential normal and adversary participants/applicants decide whether to apply to the Precheck Program or not. The approved participants would be assigned to a faster screening channel based on a screening policy determined by an approver, who balances the concerns of safety of the passengers and congestion of the lines. There exist three types of optimal normal applicant’s application strategy, which depend on whether the marginal payoff is negative or positive, or whether the marginal benefit equals the marginal cost. An adversary applicant would not apply when the screening policy is sufficiently large or the number of utilized benefits is sufficiently small. The basic model is extended by considering (1) applicants’ parameters to follow different distributions and (2) applicants to have risk levels, where the approver determines the threshold value needed to qualify for Precheck. This article integrates game theory and queueing theory to study the optimal screening policy and provides some insights to imperfect parallel queueing screening systems.

May 29, 2017 at 07:02PM

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from Cen Song, Jun Zhuang

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