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ADVENT CLAIMS ESTABLISHES EUROPEAN OPERATION TO PROVIDE POST-BREXIT SUPPORT

Advent Claims, the insurTech-led claims TPA, has entered into a partnership agreement with pan-European claims specialist Van Ameyde.

This follows similar joint ventures in the U.S., Canada and Australia which give Advent access to around 80% of Lloyd’s coverholders. The agreement with Van Ameyde completes Advent’s global network, extending its capabilities to Lloyd’s managing agents and coverholders across Europe and 40 countries worldwide.

As part of the agreement, Van Ameyde has taken a strategic investment in Advent Claims, providing capital to help accelerate growth through the development of products and services, and potentially acquisitions.

Jerry McArthur, Managing, Director, Advent Claims said: “Europe is an important and growing region for Lloyd’s and the London market, with many insurers committed to opening E.U. subsidiaries post Brexit. We are delighted to have partnered with Van Ameyde to deliver claims support across Europe, both in the run up to and during a critical transitional period for the market and beyond.”

Piet Middelkoop, group CEO of Van Ameyde, added: “Our investment in and partnership with Advent Claims reflects our firm belief in the management team’s entrepreneurial ability to deliver relevant, timely and creative solutions. Advent’s established presence in the U.S., Canada and Australia will also be beneficial to Van Ameyde in extending our geographic reach. This is a truly symbiotic partnership that will yield significant future benefits for both businesses and for our clients.”