Transactions

SCM Expands into the United States with the Acquisition of Nixon & Company, Inc.

SCM Insurance Services, Canada's largest independent, privately-owned insurance services provider, today announced that it has made its initial entry into the United States by acquiring Nixon & Company, Inc.

This acquisition reinforces SCM's focused commitment to expand geographically in line with the needs of its clients who are seeking market leading offerings in third party administration and innovative adjusting solutions. Nixon & Company, Inc. was founded more than 40 years ago and remains headquartered in St. Louis, Missouri.  As an industry leader, Nixon provides a new platform from which SCM will continue to build out its service offerings both domestically and into the Lloyd's of London marketplace.

SCM announced its intention to expand into the United States with the hiring of Scott Goodreau in the Fall of 2016 as the company's Chief Operating Officer - USA. Mr. Goodreau, an executive with 20 years' experience in the industry, has held diverse leadership positions for distribution, carrier, and technology companies.

"This is a strong opportunity, not only for us as organizations, but for our clients," began Scott Goodreau. "SCM studied the U.S. market closely before deciding that this was both the right time, and Nixon the right company, to begin our expansion into the United States."

"From our initial discussions with SCM, we knew we had a common set of values, a common belief that a market exists for both critical mass and exceptional customer service and the two are not mutually exclusive," said Mark Nixon, President, Nixon & Company.

"The addition of the talented team of people at Nixon exemplifies our commitment to serve customers across North America," stated Bob Fitzgerald, CEO of SCM Insurance Services. "Leveraging our market leading technology, management information and skilled professionals, Nixon will accelerate the next phase of our development."