GRS bolsters complex claims solutions unit with acquisition

Global Risk Solutions (GRS), a provider of claims adjusting and environmental risk management solutions, has acquired Connecticut-based William Kramer & Associates (WKA) to expand its product offerings, business lines and market presence in major and complex losses.

GRS Complex Claims Solutions (CCS) specialises in large and complex claims, which often involve third-party losses.

WKA specialises in claims across a range of industries, including oil and gas, energy, mining, manufacturing, and real estate and litigation management.

Michael Reeves, GRS’s complex claims loss executive, based in London, said: “Bill Kramer and William Kramer & Associates have been successful in the major and complex loss insurance sector for decades. WKA is a recognized name with a solid reputation in many of the global insurance centres, and this agreement represents a tangible sign of our intention to grow our complex claims solutions business both in the US and internationally.”

Arthur Radigan, CEO and president of GRS, added: “With WKA joining our Complex Claims Solutions business unit, we have a much greater presence in global markets, a brand name in that space, and deep expertise. We are continuing to enhance our ability to handle the largest industrial claims in the USA and other parts of the world, complementing also our Environmental Risk Management Solutions Group. Both GRS and WKA have similar business cultures and are focused on building long-lasting business relationships. Both companies believe in always doing the right thing, putting customers first, doing what we say we will do, and being innovative.”

William J. Kramer said: “This acquisition is good news for WKA clients. As part of GRS, we now can offer smaller property and casualty claim services as well as environmental risk management services. GRS has a long track record of excelling in those areas of the business. We’ve always admired the capabilities of GRS, and we see this acquisition as highly positive for serving our clients together.”