Runoff specialist Premia Holdings has acquired international claims, audit and risk management advisory firm Alan Gray.
“I have been a client of Alan Gray’s for over 20 years across a broad spectrum of services,” said Bill O’Farrell, chief executive officer (CEO) of Premia Holdings. “I know firsthand what a tremendous job they do for their clients. They bring tremendous expertise and cost effective solutions to every assignment. We are thrilled to make them a part of our group and we look forward to working with them to accelerate their growth and create even more satisfied clients.”
Based in Boston, Massachusetts, Alan Gray was established in 1988 as a claims and audit advisory firm, and according to Premia has built a reputation as an efficient and trusted resource to those involved in the management of risk. The firm provides claims administration and audit services, actuarial, underwriting, legal bill auditing, reinsurance collections and risk management services to clients including leading insurers and reinsurers, MGAs, self-insured corporations and public entities.
“All of us on the Alan Gray team are very pleased to join the Premia team. It will allow us to bring our traditional services to new clients while providing our long standing clients expanded solutions to help them achieve their business objectives,” said Michael Ceppi, CEO of Alan Gray.
Premia Holdings, Acquisition, M&A, Alan Gray, Risk management, Claims, Audit