GRS looks to expand complex claims capabilities to new markets

Global loss adjuster  Global Risk Solutions has entered into a strategic agreement with Spain’s Addvalora Group to enhance its complex claims capabilities.

The partnership will see GRS’ Complex Claims Solutions operation work with the specialist loss adjusting arm of the Addvalora Group to significantly strengthen their geographic operations and expertise in the area.

Addvalora specialises in corporate and complex claims for a number of sectors including energy (power, oil & gas, renewable energy), forensic accounting, liability, engineering and construction, mining machinery, iron, steel and metal production, environment and environmental liability, and cyber.

Based in Madrid, Addvalora has operations in Turkey, the Kingdom of Saudi Arabia and across Latin America, with 24 offices in Argentina, Brazil, Guatemala, Chile, Colombia and Mexico and offices in Paraguay, Peru and Ecuador.

GRS’ Complex Claims Solutions team is led by Mike Reeves (pictured), who said: “We have capabilities that will support Addvalora and in turn they will provide access to a broad range of new geographies alongside the expertise needed in what is becoming an ever more complex claims environment. The fact that the benefits of the partnership will be quickly implemented illustrates this was a meeting of two market leaders who are continually looking to go one step further for their clients.”

GRS chief executive officer Kip Radigan added: “We each provide access and expertise that will enhance our collective ability to deliver market-leading services across the globe. It is truly a partnership of equals and we see the agreement as a significant step in our ongoing efforts to expand our Complex Claims Solutions capabilities.”

Addvalora chief executive officer Vincente Hurtado said: “We are extremely excited about the potential this partnership will bring. [...]We look forward to working with Mike and the team and believe that this is a real positive for all our current and future clients.”

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