Charles Taylor Adjusting Acquires Herrera DKP

Acquisition of the Peru-based loss adjuster matches local expertise with global resources and expands Charles Taylor’s growing footprint in Latin America.

(Image credit: William William/Unsplash.)

Charles Taylor Adjusting, a provider of claims solutions to the global insurance market and a division of global consulting and solutions provider Charles Taylor (London), has announced its acquisition of Lima, Peru-based Herrera DKP, a loss adjusting firm that has been operating in the Latin American market for more than three decades. The companies declined to publish the terms of the transaction.

Founded in 1990, Herrera DKP has developed an extensive suite of services and deep-rooted expertise in managing claims in Fire and related lines, Engineering Insurance, Civil Liability, General Risks as well as Marine both in Transportation and Hull and Machinery. The firm is renowned for its sophisticated engineering capabilities and a team of highly experienced professionals who set the standard for technical precision and operational excellence in the Peruvian market, according to a Charles Taylor statement.

Charles Taylor says the acquisition allows Charles Taylor Adjusting to further strengthen its presence in Peru specifically and Latin America more broadly, enhancing its capabilities across a number of key business lines and adding to its existing businesses in Peru, Chile, Colombia, Brazil and Mexico. The Herrera DKP leadership team will continue to run the business and spearhead its growth, collaborating with and reporting to Martín Bereche, CEO, Charles Taylor Adjusting Peru.

“We’ve achieved tremendous growth in the Latin American market in recent years, and the acquisition of Herrera DKP is yet another major milestone in our global expansion strategy,” comments Felipe Ramirez, Regional Head, Latin America, Charles Taylor Adjusting.

Localized Expertise, Global Resources

Herrera DKP’s localized expertise combined with Charles Taylor Adjusting’s global resources and network represents a perfect formula for success, according to Martín Bereche, CEO, Charles Taylor Adjusting Peru. “Together, we will be able to deliver an expanded range of services to clients, including advanced technological tools, and capitalize on the many opportunities that have opened up in the Latin American market,” he says.

“Joining the Charles Taylor family marks an incredibly exciting new chapter for Herrera DKP and our clients,” comments Luis Herrera, Executive, Herrera DKP. “We have always been committed to providing best-in-class service, and with added resources behind us following the acquisition, we are poised to continue building on our successes long into the future.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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