15 Mar 2022
ADDVALORA CONTINUES TO EXPAND INTERNATIONALLY
MIDDLE EAST: SAUDI ARABIA. ADDVALORA BECOMES A SHAREHOLDER OF SOULAT LOSS ADJUSTING AND SURVEY COMPANY LIMITED
Addvalora has reached an agreement to become a shareholder of SOULAT LOSS ADJUSTING AND SURVEY COMPANY LIMITED, who have been our partners in this region for 9 years. The share acquisition will be finalised in the first half of 2022.
Our aim is to enhance and strengthen our presence in the Middle East, where we already had two other operations of our own (Turkey and Israel). Also Dubai since the beginning of 2022, through our recent Partnership Agreement with the North American loss adjusters GRS (Global Risk Solutions).
All of this reinforces Addvalora Group’s firm commitment to continue to grow within the complex claims segment in this region.
Click here to download our Middle East presentation
AMERICA – NEW MILESTONES IN ADDVALORA’S EXPANSION OVER THIS CONTINENT
At Addvalora Group, we remain committed to our growth and expansion plan throughout Latin America to offer our clients the best possible service.
In Mexico we already reached a shareholder agreement in 2020 with a prominent local loss adjusting firm specialising in public sector policies. This enhanced our resources for loss adjusting and our geographic diversification within the country, accelerating our growth. We established a new company with this firm under the Addvalora brand, Addvalora being the majority shareholder. This move required a significant capital injection at the beginning of 2022, which will allow new offices to be opened and more qualified and experienced staff in handling complex claims to join the team. We aim to have over 60 loss adjusters by the end of 2023.
Click here to download our Mexico presentation
USA AND CANADA
While our recent global alliance with the American firm GRS will allow us to pool resources and know-how regarding complex claims globally, our US office has entered into an agreement with the Canadian firm Greater Toronto Adjusters Inc. (GTA), member of OMNIA Adjusters Cooperative. This will allow us to operate in the 10 Canadian provinces, providing our clients with a wider geographical reach.
Through our US office, we have singed a collaboration agreement with JMO ADJUSTERS LTD to extend our services to Jamaica and thus expand our presence in the Caribbean, where we already had operations in the Dominican Republic and Puerto Rico. Licensed by the Financial Services Commission of Jamaica (FSC), JMO ADJUSTERS was founded by John O’Donoghue in 2007. It has a technical team of three people to handle all the different kinds of corporate and domestic claims. This agreement has allowed us to expand geographically throughout the region, especially regarding CAT claims in the Caribbean.
Click here to download our USA, Canada and Caribbean presentation
With all these agreements, Addvalora has reinforced its presence and commitment to the American continent, where it already has its own offices, franchises and exclusive agents. This includes Canada, USA, Jamaica, Dominican Republic, Puerto Rico, Mexico, Guatemala, Honduras, Nicaragua, Costa Rica, Panama, Colombia, Ecuador, Peru, Chile, Argentina, Brazil, Uruguay and Paraguay.