Loss adjusting and risk management specialist Global Risk Solutions, (GRS) has announced it has acquired a specialist rival in the USA.
GRS has concluded an agreement to acquire large and complex claims and litigation management specialist William Kramer & Associates (WKA).
The acquisition of WKA and its team are “part of an ongoing strategy to expand GRS’ product offerings, business lines and market presence throughout the world,” it said in a statement.
“With WKA joining our Complex Claims Solutions business unit, we have a much greater presence in global markets, a brand name in that space, and deep expertise,” said Arthur “Kip” Radigan, (pic) CEO and President of GRS. “We are continuing to enhance our ability to handle the largest industrial claims in the USA and other parts of the world, complementing also our Environmental Risk Management Solutions Group.”
GRS Complex Claims Solutions (CCS) specialises in large and complex property claims, which often involve third-party losses. WKA adjusters have extensive experience in such claims across a range of industries, including oil and gas, energy, mining, manufacturing, and real estate.
“Bill Kramer and William Kramer & Associates have been successful in the major and complex loss insurance sector for decades,” said Michael Reeves, GRS’s Complex Claims Loss Executive, based in London. “WKA is a recognized name with a solid reputation in many of the global insurance centres, and this agreement represents a tangible sign of our intention to grow our complex claims solutions business both in the US and internationally.”
“This acquisition is good news for WKA clients,” added William J. Kramer. “As part of GRS, we now can offer smaller property and casualty claim services as well as environmental risk management services. GRS has a long track record of excelling in those areas of the business. We’ve always admired the capabilities of GRS, and we see this acquisition as highly positive for serving our clients together.”
“Both GRS and WKA have similar business cultures and are focused on building long-lasting business relationships,” said Mr Radigan. “Both companies believe in always doing the right thing, putting customers first, doing what we say we will do, and being innovative.”