Symbility Acquires Marshall & Swift/Boeckh’s Claim Division
Symbility Solutions is acquiring 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 complementary property claims workflow software, claims loss estimating solutions and process analytics to create a new industry driving force committed to service, innovation and fair play.
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.
Source: Symbility Solutions
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