VeriClaim, a subsidiary of private equity-backed T&H Global Holdings, has acquired Cramer Johnson Wiggins & Associates Inc., a provider of administration services to the property and casualty insurance market. Terms of the deal were not released. T&H is majority owned by private equity investor Flexpoint Ford.
T&H Global Holdings, LLC (T&H), a premier provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities, today announced that its VeriClaim, Inc. (VeriClaim) subsidiary has acquired Cramer, Johnson, Wiggins & Associates, Inc. (CJW), a leading provider of loss adjusting and third party administration services (TPA) to the global property and casualty insurance market.
“The acquisition of CJW strengthens VeriClaim’s loss adjusting presence in the Southeast U.S. and Texas, and expands our TPA capabilities for our global client base,” said Michael Arbour, President and CEO of T&H. “CJW has a 30 year history of providing the highest quality specialized claims services for the insurance market and the expertise of CJW’s 150 employees enhances our ability to respond to our client’s loss adjusting needs.”
With 11 offices throughout Florida, Texas and Georgia, CJW specializes in both property and liability claims services including adjustments, investigations, appraisals and surveys. Through its TPA operation, CJW provides world class property and casualty claims management services to a global client base of insurance carriers, public entities, Lloyds of London syndicates, brokers and associations.
“We are excited to join the VeriClaim organization,” said Charles Cramer, Founder and Chairman of CJW. “Our cultures and specialized claims expertise are complementary and with our combined business we are able to provide better solutions for the complex claims needs of our clients.”
As part of the transaction, Mr. Cramer will become Vice Chairman of T&H’s Board of Directors. Additionally, Thomas Simoncic, President and Chief Operating Officer of CJW, will become the Chief Operating Officer of VeriClaim.
T&H is majority owned by Flexpoint Ford, LLC, a leading private equity firm specializing in the financial services and healthcare sectors.
About T&H Global Holdings, LLC
T&H Global Holdings, LLC, through its operating subsidiaries VeriClaim, Inc., VRS VeriClaim U.K. Ltd, and Unified Investigations & Sciences, Inc., is a premier provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities. The company leverages its specialized domain expertise, experienced professional staff, and process knowledge to provide its clients loss adjusting, third-party claims management and fire and forensics investigation services. VeriClaim serves a blue chip global client base that includes leading insurance underwriters, brokers and Fortune 500 companies. The company was founded in 1918 and is headquartered in Naperville, Illinois. For more information about T&H and VeriClaim, please visit www.vericlaiminc.com, www.vrsvericlaim.co.uk, and www.uis-usa.com.
About CJW & Associates
CJW & Associates was formed in 1981 and now has over 150 employees specializing in both property and liability services, including appraisals, full or partial investigations, adjustments and surveys, as well as TPA services. CJW has offices throughout the states of Florida, Georgia and Texas. For more information about CJW, please visit www.cjw-assoc.com.