#

May 4, 2021 | M&A, Transactions

Zelig advises IES’ shareholders on the sale of the business to Charles Taylor

Zelig is pleased to announce that it acted as exclusive financial adviser to the shareholders of Insurance Engineering Services (IES), a premier loss adjusting practice with a pan-European footprint serving leading global and domestic insurance groups, on the sale to Charles Taylor, a portfolio company of Lovell Minnick Partners.

Headquartered in Italy, IES has 92 staff across 18 offices, and provides a range of services including loss adjusting, corporate claims management, risk engineering and training to the insurance market. The acquisition supports the growth of Charles Taylor’s Adjusting business, and its expansion within the European property and casualty market.

“Charles Taylor Adjusting is a global leader in adjusting large, complex losses for property and casualty, natural resources, marine, and aviation insurance clients.  The addition of IES is another step in our growth strategy for Claims Solutions and specifically our Adjusting business. It adds to our capabilities and reach in Italy and other European markets, enabling us to do more for our clients and to bring the benefits of Charles Taylor’s broader solutions to IES’ clients.”
Rob Brown
Group CEO, Charles Taylor
IES joins the Charles Taylor team of more than 3,000 professionals around the world and will have access to the firm’s full suite of global claims, insurance management, and technology solutions. 
Thanks to the dedication of our colleagues and the outstanding client service we have provided for the past 25 years, IES has been able to reach a leading position in the market. When we deliberated over what the future holds for our business, Charles Taylor’s strong technology platform and entrepreneurial culture was an immediate fit. We are looking forward to bringing our expertise and knowledge to this global name.”
Carlo Tozzi Spadoni and Giuseppe Degradi
Co-CEOs & Founding Partners IES

About Charles Taylor

Charles Taylor provides insurance services, claims solutions and technology platforms to all parties across the global insurance market. Its technical expertise, technological tools and breadth of solutions enable its clients to outperform, by addressing complexities and challenges across every stage and aspect of the insurance lifecycle and operating model.

Charles Taylor employs approximately 3,100 staff in more than 120 locations spread across 30 countries in Europe, the Americas, Asia Pacific, the Middle East and Africa. It has earned the trust of a diversified, blue-chip international customer base that includes national and international insurance companies, mutuals, captives, MGAs, Lloyd’s syndicates and reinsurers, along with brokers, distributors and corporate insureds.

About Zelig

Zelig is an independent investment banking firm focused exclusively on FinTech and related technologies. With a core team in London and New York supported by a network of senior advisers around the world, we provide M&A and capital raising advice to entrepreneurs, corporates and investors globally. For more information, please visit https://www.zeligfintech.com.