PARSIPPANY, N.J., (June 30, 2008) – York Insurance Services Group, Inc. (York), a national provider of claims-handling, specialized loss adjusting and other insurance services, today announced it has acquired Southfield, Mich.-based American Risk Pooling Consultants, Inc. (ARPCO) and its affiliates. ARPCO was a wholly owned subsidiary of First Mercury Financial Corporation. The terms of the acquisition were not disclosed.
ARPCO provides pool administration services, including underwriting, claims, loss control/risk management and reinsurance, for self-insured public entity pools throughout the Midwest. ARPCO President John Brockschmidt will become part of York Risk Management Services (York RMS), a division of York that specializes in public entities, such as cities, townships, special districts and schools, as well as providing services to MGA programs and the commercial middle market. York RMS runs such programs in every region of the U.S.
“With the acquisition of ARPCO, York is continuing its tradition of providing insurance services for public entities,” says Rick Taketa, chief executive officer and president of York RMS. “ARPCO provides highly valuable services for its clients throughout the Midwest and expands York’s footprint in these important geographic markets.”
“I look forward to joining York. The two companies have similar philosophies that will benefit both ARPCO-administered pools and ARPCO employees,” says Brockschmidt. “Both ARPCO and York focus on providing exceptional customer service for the benefit of their clients.”
Tom MacArthur, chairman and chief executive officer, York Insurance Services Group, says, “We welcome ARPCO and look forward to coming together as one company. Over these past few months, it has become clear to me that our new colleagues at ARPCO share the same values and work hard to protect clients’ assets, relationships and reputations.”