HAMMOND, La.–(BUSINESS WIRE)–Worley Claims Services, a recognized leader in providing insurance claims services in North America, today announced the acquisition of Nexxus Solutions Group, a managed repair network administrator servicing the property insurance industry in the U.S. and Canada. The transaction marks Worley’s entry into the managed repair business and continues the company’s expansion as a leading provider of claims management solutions throughout the U.S. and Canada. Financial terms of the transaction were not disclosed.
“Expanding into the managed repair space was a key component of our 2016 strategic plan, as we recognize the customer service benefits and potential cost savings our clients realize through routing certain property claims through a managed repair service provider,” said Jim Pearl, CEO of Worley. “This acquisition brings a very talented team to Worley and enhances our capabilities to service our national and regional insurance carrier partners. We intend to continue making investments that will allow us to evolve as a comprehensive service provider capable of meeting the needs of our clients from first notice of loss of a claim through the repair or build back of the damaged property.”
Rick Hayne, CEO at Nexxus stated, “We look forward to joining Worley and benefiting from the expanded opportunities this partnership will present to Nexxus’ clients and employees. After considering a variety of strategic relationships over the years, it is clear we have found the ideal partner in Worley. They are truly set apart by their strategic vision, professionalism, focus on customer service and track record of successful acquisitions in the insurance services sector.”