INDIANAPOLIS, IN--(Marketwire - January 24, 2011) - National Catastrophe Adjusters, Inc. (d/b/a NCA Group) announced today that it has acquired NHI General Adjusters, further bolstering NCA Group's position as a leading provider of property loss adjusting and claims management services in North America. The addition of NHI General Adjusters significantly expands NCA Group's large commercial loss adjusting capabilities and daily claims services in the Midwest.
Founded in 1984 and headquartered in Kansas City, Missouri, NHI General Adjusters has 5 locations in Missouri and Nebraska and regularly services Kansas, Illinois, Arkansas and Iowa. NHI is known for having GA and EGA adjusters that handle large complex property losses. In addition to their work in the Midwestern U.S., they regularly travel on large losses to many other states throughout the Continental United States.
"NHI General Adjusters is a premier company in the commercial loss adjusting sector. This acquisition, which follows our recent acquisition of T.M. Mayfield & Company, represents a continuation of our strategy to align with companies that will enable NCA to serve all of the property loss adjusting needs of insurance carriers throughout North America," said Jim Pearl, President and Chief Operating Officer of NCA Group. Dave Ross, Chairman & Chief Executive Officer of NCA Group, added, "NHI General Adjusters, founded the same year as NCA Group, enjoys a high quality reputation in a segment of the loss adjusting space we have previously not occupied. John Newsam has built a first-class organization around a group of high caliber commercial adjusters with a commitment to the highest standard of quality, consistency and service. NHI General Adjusters will be the keystone for our expansion in the commercial loss adjusting market."
NHI personnel will continue to operate under the NHI General Adjusters name and the company will maintain its current locations. "All the NHI staff is ready to work with NCA in building on our solid base and reputation for providing top quality loss adjustment services," said John Newsam, President of NHI General Adjusters. "Along with NCA's support, NHI Regional Managers, Tim Gardner and Scott Charbonneau, plan to expand our highly trained and experienced GAs and EGAs and add to our existing locations to ensure nationwide coverage to help our insurance company clients with high exposure property losses."
StoneRidge Advisors acted as financial advisor to NCA Group on this transaction.
About NCA Group
NCA Group is a premier provider of insurance services management, specializing in third party administration, daily and catastrophe field services and underwriting inspection services to the property insurance market. Incorporated in 1984, NCA Group services insurance companies of all sizes in the United States and Canada. Corporate headquarters are located in Indianapolis, Indiana. NCA Group has approximately 300 permanent, full-time employees.
Contact Information:
Contacts
NCA Group
Jim Pearl
317-915-8888