US-based Worley Claims Services has agreed to acquire NCA Group, a daily and catastrophe residential and commercial property claims services provider across North America, for undisclosed sum.
The combined entity will provide claims-related services in the personal, commercial, environmental and government markets.
NCA Group president Jim Pearl said: "The combination of Worley and NCA is truly exciting and creates a powerhouse that delivers a superior experience for our customers and enormous opportunities for our employees."
Established in 1984, NCA provides insurance claims services in the US, Canada and the Caribbean, including daily claims, catastrophe claims, commercial / complex / large loss claims, third party administration and temporary staffing solutions.
Worley Claims Services president and COO Allen Carpenter said: "This is a transformational transaction for Worley and broadens our leadership position in comprehensive catastrophe management services to now include more daily and commercial capabilities, both areas that are strategically important to our growth."
Michael Worley will act as CEO of the combined company, while Allen Carpenter and Jim Pearl will be co-presidents and oversee day-to-day operations as.
Based in Hammond of Louisiana, Worley provides insurance-adjustment management and services in the US.
In October 2014, New York-based private equity firm Aquiline Capital Partners purchased majority interest in Worley.
Image: Worley to acquire NCA Group that provides insurance claims services. Photo: courtesy of stockimages/ FreeDigitalPhotos.net.