Claims Consortium Group acquires Stream Claims Services

17th September 2019

Claims Consortium Group is delighted to announce their acquisition of the trading business of Stream Claims Services Ltd for an undisclosed sum – one of several strategic moves designed to disrupt the loss adjusting market. Responding to a clear market demand for enhanced capacity, increased choice and smarter solutions for large and complex claims, Claims Consortium is expanding the scope of its current offering by welcoming Stream into the Group.

Stream’s excellent technical skills and exemplary customer service complements Claims Consortium’s strategic goals. Both company cultures are dedicated to delivering the best customer service and adding Stream’s expertise to the current Claims Consortium Group offering takes this service to the next level.

The industry can expect transformational access to capacity with better cost control and exceptional customer service by combining technologies, supply chains and technical adjusting. Placing the latest technology in the hands of expert technical adjusters and surveyors will enable data driven decision-making and will create a more agile model for bespoke claims management, providing individual solutions for every customer.

Claims Consortium Group CEO, Jeremy Hyams, says, “We are thrilled to expand on our highly successful claims handling model as we welcome Stream to the Group. Combining the loss adjusting expertise within Stream with the breadth and variety of our claims handling experience, supply chain capability and cutting edge technology will create a scalable adjusting service that will completely revolutionise the loss adjusting market.”

Claims Consortium Group demonstrated the success of its modern adjusting service with the new subsidence model. Tested last year during the subsidence surge, it delivered faster resolution for customers at lower costs for clients, whilst providing an exceptional level of service for all parties involved.

Stream will become Claims Consortium Adjusting, joining the existing Adjusting arm of Claims Consortium Group. Nick Turner, Professional Services Director at Claims Consortium, joins the Board of Directors overseeing all operations across the Group. Jim Pittman, current MD at Stream, will report into Nick.

“We are thrilled to join Claims Consortium Group,” Jim says, “Joining a large company we will have a new platform for growth and be able to offer the wider range of services that our clients require. Our loss adjusters will have more access to superior technology and a range of additional services that will underpin our ability to offer individual solutions for every customer.”