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The largest independent claims and risk management player in Canada has now become even bigger with the acquisition of Granite Global Solutions property and causality businesses.
"Our two companies are stronger together, and poised for further growth and opportunity," said Larry Shumka, president and CEO of SCM Insurance Services, which will bring Granite Claims Solutions, Granite Health Solutions, CKR Global and Rochon Engineering under its Edmonton-based roof. "This transaction is consistent with SCM's philosophy of building strong, autonomous brands, and a larger, more diverse company will better serve our customers with a portfolio of best-in-class services."
Both entities have and continue to work to secure an easy transition, not only for their employees but customers as well, according to a news release issued this week. The merger will not affect daily operations, as clients are assured of business as usual. But they do stand to benefit, said Murray Wallace, president and CEO of Granite Global Solutions.
“SCM brings scale and a focus on leading-edge technology that will make the combined entity a force in the industry, serving both insurance and corporate markets with the best possible solutions," he said.
The claims, health and investigations businesses will be added to the following business units in SCM Insurance Services, respectively ClaimsPro, Cira Medical Services and Forensic Investigations Canada (FIC). Rochon Engineering will continue as a standalone company.
"As we discussed this exciting transaction, it became clear to both ourselves and Granite that the combination of industry-leading people, capabilities, geographies and business practices could create an exciting offering in our marketplace," said Shumka. "We can't wait to welcome Granite's employees and continue to create opportunities for employees and customers alike."
Details on the updated management structure can be found
here.
