RWAM Insurance Administrators Inc. Strengthens Business with Acquisition of Accertaclaim Servicorp Inc.’s Group Benefits Division
Elmira RWAM Insurance Administrators Inc. is pleased to announce its acquisition of the Corporate Group Benefits business, currently administered by Accertaclaim Servicorp Inc., Toronto, Ontario. The collaborative agreement has resulted in the transfer of Accerta's Claims and Administrative functions and TPA services for their private sector business to RWAM, effective June 1, 2013.
“We are very excited to formally announce our acquisition of the Private Sector Group book of business from Accerta,” said Bruce Burnham, Chief Executive Officer of RWAM Insurance Administrators Inc. “Their Group Benefit division had contracts with over 100 independent group advisers, many of whom will be a new source of distribution for RWAM. With over 25 years of experience in the group insurance industry, we look forward to welcoming Accerta’s clients and their advisers to the RWAM team.”
RWAM Insurance Administrators Inc., a division of Home Hardware Financial Inc., is one of the largest third party group insurance administrators in Canada. RWAM provides full service group benefits administration and claims payment to employers across Canada and insures over 235,000 lives covering 4,500 employers nationwide.
“This acquisition represents the growth and expansion taking place at RWAM Insurance Administrators Inc.,” said Paul Straus, President and CEO, Home Hardware Stores Limited. “We are known for our commitment to offering superior customer service and expert advice. We are confident that RWAM will continue Home Hardware’s commitment to the customers and employees it serves on a daily basis.”