Peak Performance Solutions, a provider of insurance processing solutions, has acquired Claims Harbor. The terms of the transaction were not disclosed.

Claims Harbor provides insurance applications and services to the property and casualty insurance industry. Claims Harbor was a business unit of Harbor Payments, which was acquired by American Express in 2007.

Steven Isaac, chairman and CEO of Peak Performance Solutions, said: The Claims Harbor acquisition continues our strategy of acquiring mature and proven insurance and risk management software solutions, enhancing them with modern technology capabilities and extended functionality, to provide comprehensive solutions that optimize our clients’ business performance.