SCM Insurance Services, a Canadian independent, privately owned insurance services provider, received a majority investment from funds affiliated with Warburg Pincus and TorQuest Partners.
The amount of the deal was not disclosed.
The investment will provide SCM with access to capital and strategic resources to continue to grow its business in Canada and its recent entry into the United States.
Led by Bob Fitzgerald, CEO, SCM Insurance Services provides claims adjusting, third-party adjusting (TPA), risk management, investigative, surveillance, risk mitigation, medical services, forensic engineering services, and risk intelligence.
The SCM Insurance Services Group of Companies includes ClaimsPro, International Programs Group (IPG), Xpera Risk Mitigation & Investigation, Cira Health Solutions, Pario Engineering & Environmental Sciences, SCM Risk Management Services (RMS), Opta Information Intelligence, and Nixon & Company, Inc.
has been servicing the insurance and risk management community for the past 31 years with over 200 locations and 2,900 employees.