Transactions

SCM Continues U.S. Expansion with the Acquisition of Affirmative Risk Management

SCM Insurance Services, Canada’s largest independent, privately owned insurance services provider, today announced that it has acquired Affirmative Risk Management (ARM).

ARM was founded more than 30 years ago and remains headquartered in Little Rock, Arkansas. The company is a leader in third-party administration to the Lloyd’s marketplace with an emphasis on trucking/cargo and liability claims.

SCM first entered the United States (U.S.) market in May of 2017 with the acquisition of Nixon & Company, Inc. This latest venture is further evidence of SCM’s commitment to the U.S. by partnering with another best in class organization.

“This acquisition gives us the chance to grow further in the program space with a firm that is well-respected by Lloyd’s and has deep trucking and liability expertise,” said Scott Goodreau, SCM’s Chief Operating Officer - USA. “Like Nixon & Company before it, ARM has the service capability and geographic reach that make it an ideal choice for SCM’s further expansion into the U.S.”

Bob Fitzgerald, CEO of SCM Insurance Services added, “Our investment in the talented team of people at ARM exemplifies our commitment to serve customers across North America. Leveraging our market leading technology, management information, and skilled professionals, ARM complements our existing presence in the U.S. as we continue to grow.”

ARM will continue to be led by David Elliott, its President. Mr. Elliott will report directly to Scott Goodreau.

“This is a wonderful opportunity for our business and our clients, and we look forward to partnering with SCM Insurance Services,” said David Elliott.