Business Moves

LWG Consulting

LWG Consulting has merged with Newark, N.J.-based Electronic Loss Consultants.

Prior to the merger, Electronic Loss Consultants, managed by Stephen Aghaei, offered equipment loss consulting and equipment restoration services to insurance claims professionals primarily along the East Coast of the United States.

With this merger, LWG added Stephen Aghaei as a senior technical consultant, based out of the Newark office. Aghaei joins LWG with more than two decades of experience providing evaluation and assessment of electronic and electrical equipment following disasters.

Trinity Insurance Services Group

Trinity Insurance Services Group, a national independent adjusting and third-party administration firm, has added office locations in Austin, Houston, Dallas and San Antonio, Texas.

With the recent purchase and integration of Axcel Claims, the company has an adjusting staff of 65 to handle Texas claims.

Mutual Service Office (MSO), Mariposa Insurance

The Mutual Service Office Inc. (MSO), a property/casualty rating service bureau, has partnered with Mariposa Insurance Services Ltd., an independent adjusting firm.

For more than 15 years, Mariposa has offered catastrophe and daily adjusting services to insurance companies through a nationwide network of adjusters. Mariposa specializes in daily property and casualty claims and complete catastrophe support.

Assurant

Assurant Inc., a provider of specialty insurance and insurance-related products and services, announced that some of its subsidiaries have entered into reinsurance agreements providing for $130 million in three-year, fully collateralized reinsurance from Ibis Re II Ltd., a special purpose reinsurance company domiciled in the Cayman Islands. Bonds issued by Ibis Re Ltd. in 2009 for $150 million will expire in May 2012.

Ibis Re II financed the property catastrophe reinsurance coverage by issuing $130 million in catastrophe bonds to qualified institutional buyers. The coverage complements Assurant’s traditional catastrophe reinsurance, which provides protection from catastrophic storm activity.

As a component of Assurant’s comprehensive risk management program, the Ibis Re II reinsurance consists of two separate layers of coverage for protection against losses from individual hurricane events in Hawaii, Puerto Rico and along the Gulf and Eastern Coasts of the United States.

Additional details regarding Assurant’s Catastrophe Reinsurance Program for 2012 will be announced after the placement of the program with reinsurers this summer.

Symbility Solutions, MSB

Symbility Solutions acquired Marshall & Swift/Boeckh’s (MSB)’s claims division, including contracts, claims employees, software and analytics assets. In consideration for these assets and a cash investment, MSB’s parent company, Decision Insight Information Group, will become the largest shareholder with a one-third equity stake in Symbility’s parent company, Automated Benefits Corp.

Symbility Solutions and MSB will integrate their property claims workflow software, claims loss estimating solutions and process analytics.

MSB also has entered into a long-term strategic license agreement with Symbility to integrate MSB’s claims estimation data into Symbility’s mobile claims software.

Decision Insight is a TPG Capital portfolio company, and representatives of both organizations will join the Automated Benefits’ board of directors.