Cambridge Integrated Services Group

July 07, 2005 07:00 ET

Cambridge and the McLarens Group Announce Strategic Alliance to Extend Claims Services Throughout North America

GREENWICH, Conn.--(CCNMatthews - Jul 7, 2005) -

Cambridge Integrated Services Group:

-- Agreement creates the most extensive claims management network serving firms with business in both countries

-- Alliance is key step in Cambridge's international expansion

Firms doing business in both Canada and the U.S. can reduce potential claims losses through a new strategic alliance between Cambridge, a strategic global outsourcing firm with expertise in claims and loss cost management services, and The McLarens Group, one of the largest claims management firms in Canada and a member of the global McLarens Group.

"By combining our IT capabilities and proprietary software with the McLarens network of offices throughout Canada, we can provide the first seamless approach to reduce claims losses for firms with operations in both countries," said Chris Sinclair, chairman and CEO, Cambridge. "This relationship is a prototype of how Cambridge can leverage our specialized expertise in claims management and technology to deliver the best and most efficient solutions around the world."

Cambridge's technological capabilities include systems like Ovation Client Portal, which enables companies to access claims data 24/7, from anywhere in the world, to make timely, accurate decisions to prevent and manage losses.

"With Cambridge, we found a partner that shares our commitment to best practices," said Michael Holden, president, McLarens. "Our network of 81 offices gives Cambridge access throughout Canada to licensed claims administrators in order to service customers coast to coast. Companies that are concerned about their exposure in two countries and two currencies now have a new resource to minimize claims losses and liabilities."

Through this alliance, the two firms can proactively service and manage claims in a number of lines of insurance, including auto liability, premises liability, product liability, professional liability, and workers' compensation.

The alliance with McLarens is a key relationship for Cambridge's expansion of its presence internationally. Since becoming part of the Scandent Group of companies in November, 2004, Cambridge has extended its strategic global outsourcing capabilities in claims management to finance and accounting; insurance processing services; transaction processing, including mortgage processing; and healthcare administration services, serving clients from offices on four continents, in the U.S., India, Australia, and the United Kingdom.

About Cambridge Integrated Services Group

Headquartered in Greenwich, Cambridge, a Scandent Group company, is a strategic global outsourcing firm with deep expertise in process consulting; transaction processing, including mortgage application and renewal; medical billing; finance and accounting back office support; insurance claims administration and processing; inbound and outbound contact centers to support all of these activities; and other transaction process that requires knowledge-based decision making. With offices in the U.S., UK, India, and Australia, Cambridge serves Fortune 500 employers, insurance carriers, and public entities. For more information, visit: www.cambridgeworldwide.com.

About McLarens

In 1996, one of Canada's leading claims administrators, Ponton Coleshill Edwards & Associates, expanded in Canada through the acquisition of Toplis & Harding Canada Inc. and subsequently formed McLarens Toplis, part of the global McLarens Group. McLarens in Canada provides property and casualty loss adjusting as well as specialty risk services, including loss prevention and risk management for the marine and transportation industries as well as property, casualty, and auto insurance services. For more information, visit: www.mbii./ca.

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