VeriClaim acquires Cramer, Johnson, Wiggins & Associates

PRNewswire

NAPERVILLE — T&H Global Holdings LLC said its VeriClaim, Inc. subsidiary has acquired Cramer, Johnson, Wiggins & Associates Inc., a provider of loss adjusting and third party administration services 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, 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 health care sectors.