York Risk Services Group Acquires Axis, Expanding International Capabilities
PARSIPPANY, New Jersey, Feb. 7, 2013
PARSIPPANY, New Jersey, Feb. 7, 2013 /PRNewswire/ --York Risk Services Group
(York), a premier provider of a full range of claims administration, risk
management and specialized loss adjusting services, today announced it has
acquired Axis Holdings Limited (Axis). Axis provides specialist loss
adjustment services across various product lines including property,
liability, power, energy and construction. The terms of the acquisition were
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The acquisition is part of York's strategic plans to expand international
growth and provides York with an established and respected operation based
primarily in Latin America and Caribbean. The Axis business will become part
of York International, as the new entity will be known. York International
will offer a blend of home foreign specialist loss adjusting services
supporting existing and new Lloyd's and London market insurers and
reinsurers. In addition, it will serve as the U.S. market interface for the
existing York operation. In parallel with the acquisition, York has
established an international head office based in London in the Lloyd's Lime
Commenting on the Axis deal, Danny Miller, EVP, President of York Specialized
Loss Adjusting (York SLA), said, "I have known the Axis personnel for many
years, and our relationship has developed from a mutually productive
association to having them joining our network of market-leading specialist
adjusters. The complementary product lines and natural business synergies
provide us with the opportunity to launch our international operation and
supply high-quality specialized loss adjustment services across the globe.
Moreover, the addition of Axis will also help our BC Johnson Associates
division increase its specialized energy adjusting services beyond North
David Jamison, Chairman and CEO of Axis, commented, "I am delighted with the
opportunities presented and know that with the combined resources and product
lines we are well positioned to provide a unique combination of skills and
services to our customers."
Norman Mitchell, a market leader in the Financial Institution sector, will be
providing oversight for the York London location. Mitchell commented, "The
timing of these developments could not be better. We are looking to develop
our international footprint to support areas where we feel the industry is
falling short on services and specialist technical skills."
About York Risk Services Group
York Risk Services Group is a premier provider of claims-handling, specialized
loss adjusting, managed care, pool administration, loss control and other risk
management and insurance services nationwide. York provides risk management
and managed care 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. York is based in Parsippany, N.J., and has nearly
2,400 employees nationwide.
Visit us on the Web at www.yorkrsg.com .
About Axis International Loss Adjusters and Surveyors Axis is a global firm
providing loss adjusting, claims management and surveying services in an array
of industries since 1996 having established a niche market presence servicing
primarily Latin America and the Caribbean. Axis has enjoyed a reputation for
offering high quality specialized loss adjusting services combined with a very
effective catastrophe response, particularly in the Caribbean.
For more information, contact: Anne W. EllisAssistant Vice President,
Marketing & CommunicationsYork Risk Services GroupTel: +1 (973)
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